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Benny Hill wants to invest $35,000 in bonds. He can buy a corporate bond with a yield of 8 percent or a municipal bond with

Benny Hill wants to invest $35,000 in bonds. He can buy a corporate bond with a yield of 8 percent or a municipal bond with a yield of 5.75 percent. Benny is in the 31% marginal tax bracket. Which should he select? Group of answer choices Choose the Municipal Bond as 8.33% is a better rate than 8.00% (corporate bond) Choose the Municipal Bond as 8.00% is a better rate than 8.33% (corporate bond) Choose the Corporate Bond as 8.33% is a better rate than 8.00% (municipal bond) Choose the Corporate Bond as 8.00% is a better rate than 8.33% (municipal bond)

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