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Linda is trying to decide between investing in a tax-exempt municipal bond earning 5.0 percent or a taxable corporate bond earning 7.0 percent. Using the

Linda is trying to decide between investing in a tax-exempt municipal bond earning 5.0 percent or a taxable corporate bond earning 7.0 percent. Using the after-tax yield formula, which bond is going to give Linda the best return on her investment if she is in the 25% tax bracket?

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