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Comparing Taxes on Investments. Would you prefer a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent? Why? (Assume 1 28

Comparing Taxes on Investments. Would you prefer a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent? Why? (Assume 1 28 percent tax rate.)

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