The yield on a corporate bond is 10 , and it is currently selling at par The marginal tax rate is 15 A par value municipal bond with a coupon rate of 9 is available Which security is a better buy Why

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The yield on a corporate bond is 10%, and it is currently selling at par. The marginal tax rate is 15%. A par value municipal

The yield on a corporate bond is 10%, and it is currently selling at par. The marginal tax rate is 15%. A par value municipal bond with a coupon rate of 9% is available. Which security is a better buy? Why?

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