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Would you prefer a fully takable investment earning 11.5 percent or a tax-exempt investment earning 8.5 percent? (A5sume a 24 percent tax rate) Tax-exempt investment

Would you prefer a fully takable investment earning 11.5 percent or a tax-exempt investment earning 8.5 percent? (A5sume a 24 percent tax rate) Tax-exempt investment earning 8.5 percent. Taxable investment earning 11.5 percent

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