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Fergie has the choice between investing in a State of New York bond at 13.0 percent and a Surething Incorporated bond at 16.0 percent. Assuming
Fergie has the choice between investing in a State of New York bond at 13.0 percent and a Surething Incorporated bond at 16.0 percent. Assuming that both bonds have the same nontax characteristics and that Fergie has a 30 percent marginal tax rate, in which bond should she invest
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Managerial Accounting Principles Of Accounting II
Authors: Eric W. Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
0077681258, 978-0077681258
