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Posted on May 18, 2024

A AA default rated municipal bond with no call provision is yielding 5 percent.A AA default rated corporate bond with no call or convertibility provision

A AA default rated municipal bond with no call provision is yielding 5 percent.A AA default rated corporate bond with no call or convertibility provision is yielding 7.14 percent.In which of these two bonds should Harriet LaSalle invest? Defend your choice.

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