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what should Hugh invest in Hugh has the choice between investing in a City of Hefin bond at 8.2 percent or imvesting in a Surething
what should Hugh invest in
Hugh has the choice between investing in a City of Hefin bond at 8.2 percent or imvesting in a Surething Incorporated bond at 11.2 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, in which bond should he invest Step by Step Solution
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