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A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 4.7 percent yield to maturity and a similar

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A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 4.7 percent yield to maturity and a similar risk corporate bond that offers a 6.45 percent yield. Which bond will give the client more profit after taxes? Municipal bond Corporate bond

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