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Jake Baldwin is looking for a fixed - income investment. He is considering two bond issues:a . A Treasury with a yield of 6 .
Jake Baldwin is looking for a fixedincome investment. He is considering two bond issues:a A Treasury with a yield of b An instate municipal bond with a yield of Jake is in the federal tax bracket and the state tax bracket. Which bond would provide him with a higher taxadjusted yield?The taxable equivalent yield on the Treasury bond isRound to two decimal places.
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