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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 Nike has just paid a dividend of $3 per share and you are now considering purchasing this stock. Analysts have estimated that Nike's dividend will grow at 5% per year in perpetuity. Given the riskiness of Avaya stock, shareholders' required rate of return is 1196. What should you be willing to pay for Nike stock

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