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Assume a US tax rate of 35% and a NY tax rate of 7%. Compare the after-tax returns of the following comparable maturity bonds: 4.5%

Assume a US tax rate of 35% and a NY tax rate of 7%. Compare the after-tax returns of the following comparable maturity bonds:

4.5% US treasury, 5% General Electric bond, 3.6% NY state bond.

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