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Maha has $10,000 invested in corporate bonds with an interest rate of 7 percent and $15,000 in municipal bonds issued for governmental activities with an

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Maha has $10,000 invested in corporate bonds with an interest rate of 7 percent and $15,000 in municipal bonds issued for governmental activities with an interest rate of 6 percent. 1) Calculate the amount of interest a) which will be subject to tax, b) which will not be taxed (excluded from income). 2) Assume that Maha's marginal tax rate is 20%, which investment is better

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