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A company's marginal tax rate is 35%. and it invested in a tax-free municipal bond with a face value of $1,000 with a coupon interest

A company's marginal tax rate is 35%. and it invested in a tax-free municipal bond with a face value of $1,000 with a coupon interest rate of 10% Base upon this data the company has shielded away $ ? Select one: a. $35.00 b. $35 c. $3.50 d. $65

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