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Would you prefer a fully taxable investment earning 8.5 percent or a tax-exempt investment earning 6.5 percent? Preferred investment Why? Assume a combined marginal tax

image text in transcribed Would you prefer a fully taxable investment earning 8.5 percent or a tax-exempt investment earning 6.5 percent? Preferred investment Why? Assume a combined marginal tax rate of 36.00 percent

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