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Problem 3-14 (LO3.4) Would you prefer a fully taxable investment earning 12.4 percent or a tax-exempt Investment earning 8.8 percent? (Assume a 30 percent tax

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Problem 3-14 (LO3.4) Would you prefer a fully taxable investment earning 12.4 percent or a tax-exempt Investment earning 8.8 percent? (Assume a 30 percent tax rate.) O Taxable investment earning 12.4 percent. Tax-exempt investment earning 8.8 percent

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