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Problem 1-45 (LO 1-3, LO 1-4) (Algo) Fergie has the choice between investing in a State of New York bond at 9.0 percent and a

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Problem 1-45 (LO 1-3, LO 1-4) (Algo) Fergie has the choice between investing in a State of New York bond at 9.0 percent and a Surething Inc. bond at 10.1 percent. Assuming that both bonds have the same nontax characteristics and that Fergie has a 30 percent marginal tax rate, in which bond should she invest? Fergie should invest in the

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