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XYZ's Rs1000 par , tax free bonds carrying a coupon of 8% are currently available for Rs 1099. YTM is 9.25%. you need to make

XYZ's Rs1000 par , tax free bonds carrying a coupon of 8% are currently available for Rs 1099. YTM is 9.25%. you need to make a long -term investment. which one of theses securities you will invest? assume same durations, no default risks and no capital gains/losses for both

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