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emmet can purchase a $1,000 municipal bond with a coupon rate of 4% or a $1,000 corporate bond with a coupon rate of 6%. he

emmet can purchase a $1,000 municipal bond with a coupon rate of 4% or a $1,000 corporate bond with a coupon rate of 6%. he is in the 37% tax bracket. which bond will give him the highest after-tax return?

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