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An investor in the 28 tax bracket is trying to decide which of two bonds to purchase. One is a corporate Dond carrying an 104

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An investor in the 28 tax bracket is trying to decide which of two bonds to purchase. One is a corporate Dond carrying an 104 Coupon and selling at pat. The other is a municipal bond with 6 coupon, and R. 100, sells at par. Assuming all other relevant factors are equal, which bond should the investor select? Do not round intermediate calculations. Round your answer to twe decimal places The equivalent tax yield of the municipal bond is Therefore, bond is bettet GOOSE

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