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Assume that you are comparing an A+ rated 20 year corporate bond and an A+ rated 20 year Municipal Bond. The yield-to-maturity of the Municipal

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Assume that you are comparing an A+ rated 20 year corporate bond and an A+ rated 20 year Municipal Bond. The yield-to-maturity of the Municipal Bond will usually be higher than the yield-to-maturity of the corporate bond due to the fact that most Municipal Bonds are exempt from Federal taxation. True False

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