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An investor in the 32% tax bracket is considering two investment options of equal risk: a corporate pond that yields 8.25% and a municipal (muni)

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An investor in the 32% tax bracket is considering two investment options of equal risk: a corporate pond that yields 8.25% and a municipal (muni) bond that yields 4.75%. Assuming the investor will select the bond with the highest yield, which bond should this investor choose? What is the after tax Vield (ATY) on the recommended bond

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