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A client in the 30 percent marginal tax bracket is comparing a municipal bond that offers a 4.8 percent yield to maturity and a similar

A client in the 30 percent marginal tax bracket is comparing a municipal bond that offers a 4.8 percent yield to maturity and a similar risk corporate bond that offers a 6.75 percent yield. Which bond will give the client more profit after taxes?

Municipal bond

Corporate bond

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