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Kelley is choosing between two bonds both of which mature in 15 years and have the same level of risk. Bond A is a municipal

Kelley is choosing between two bonds both of which mature in 15 years and have the same level of risk. Bond A is a municipal bond that yields 6.25 percent. Bond B is a corporate bond that yields 7.75 percent. If Kelly is in the 25 percent tax bracket, which bond should she select and why?

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