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Annual Interest. Paul has $14,000 that he wishes to invest in bonds. He can purchase Treasury bonds with a coupon rate of 5.6% or municlpal

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Annual Interest. Paul has $14,000 that he wishes to invest in bonds. He can purchase Treasury bonds with a coupon rate of 5.6% or municlpal bonids with a coupon rate of 4.5%. Paul tives in a stale with no state income tax and has a marginal tax rate of 24%. Which investment will give Paul the higher annual eamings after taxos are considered? Paurs incorne from the Treasury bonds after takes is 1 (Round to the nearest dotiar.)

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