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Problem 4-12 Comparing Taxes on Investments [LO4-5] Would you prefer a fully taxable investment earning 10.8 percent or a tax-exempt investment earning 8.2 percent? (Assume

Problem 4-12 Comparing Taxes on Investments [LO4-5] Would you prefer a fully taxable investment earning 10.8 percent or a tax-exempt investment earning 8.2 percent? (Assume a 24 percent tax rate.)

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