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Caspian Inc, a NYSE listed corporation, plans to invest in Marketable securities their surplus funds. It is choosing from AT&T bonds yielding 6%, Florida tax

Caspian Inc, a NYSE listed corporation, plans to invest in Marketable securities their surplus funds. It is choosing from AT&T bonds yielding 6%, Florida tax free Municipal Bonds Yielding 4%, and AT&T pref. stock yielding 5% Caspian pays 50% tax on income. What investment would yield the best return?

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