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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
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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

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