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Which investment would have a lower tax rate? A stock that appreciated quickly and you sold in 6 months. A stock that appreciated slowly that

Which investment would have a lower tax rate? A stock that appreciated quickly and you sold in 6 months. A stock that appreciated slowly that you sold in 13 months A municipal bond (of the state in which you live) that you held to maturity and paid interest all along the way. A stock that appreciated quickly that you sold in a day

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