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The ABC Company are planning how they should invest $200,000 to attain the highest return after taxes. The company has three options for their investment

The ABC Company are planning how they should invest $200,000 to attain the highest return after taxes. The company has three options for their investment choices:
1. IBM Preferred Stock Yield 6%
2. Microsoft bonds, yield 7%
3. California State Municipal Bond, Yield 4.5%

ABC Company has an average federal tax rate of 34%. The company will invest the entire $200,000 into only one of the above financial instruments

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Show you work and determine which investment will have the highest after tax yield

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