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friends should purchase the municipal bond? The equivalent taxable yield for Neelam who has a 15 percent marginal tax bracket is %. (Round to two

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friends should purchase the municipal bond? The equivalent taxable yield for Neelam who has a 15 percent marginal tax bracket is \%. (Round to two decimal places.) The equivalent taxable yield for Ashok who has a 25 percent marginal tax bracket is \%. (Round to two decimal places.) The equivalent taxable yield for Madhu who has a 35 percent marginal tax bracket is \%. (Round to two decimal places.) Assuming a similar AAA corporate bond yields 6.00 percent, which of your friends should purchase the municipal bond? (Select the best answer below.) the most benefit of the choice because Madhu is in the highest tax bracket. the least benefit of the choice because Madhu is in the highest tax bracket

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