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An investor with a 50% marginal tax rate is trying to decide on a bond. Which of the following bonds offers the best tax-equivalent yield?

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An investor with a 50% marginal tax rate is trying to decide on a bond. Which of the following bonds offers the best tax-equivalent yield? O A municipal bond with a 5% yield to maturity. O A municipal bond with a 10% yield to maturity. O A corporate bond with a 15% yield to maturity. O A corporate bond with an 8% yield to maturity

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