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Carla has 20,000 invested in corporate bonds with a stated interest rate of 6 percent and a 20,000 in tax exempt municipal bonds issues for

Carla has 20,000 invested in corporate bonds with a stated interest rate of 6 percent and a 20,000 in tax exempt municipal bonds issues for governmental activities with a stated interest rate of 5 percent. What is her annual after tax cash flow from interest income for each investment if her marginal tax rate is 24%? (step by step explanation)

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