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Fergle has the choice between investing in a State of New York bond at 10.2 percent and a Surething Inc. bond at 11.5 percent. Assuming
Fergle has the choice between investing in a State of New York bond at 10.2 percent and a Surething Inc. bond at 11.5 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? Fergie should invest in the
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Financial Decisions And Markets A Course In Asset Pricing
Authors: John Y. Campbell
1st Edition
0691160805, 978-0691160801
