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Question 12 (4 points) Suppose the rate on a corporate bond is 6% and the rate on a municipal bond is 3.5%. Which should you

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Question 12 (4 points) Suppose the rate on a corporate bond is 6% and the rate on a municipal bond is 3.5%. Which should you choose? Your marginal tax rate is 28%. Municipal Bond with a yield of 3.5% Corporate Bond with an after-tax yield of 4.32% Municipal Bond with an after-tax yield of 3.56% Corporate Bond with an after-tax yield of 3.36%

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