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You are a New York state resident in the 25% federal marginal tax bracket and 6% marginal state marginal tax bracket, and are looking at

You are a New York state resident in the 25% federal marginal tax bracket and 6% marginal state marginal tax bracket, and are looking at 3 investments. You want to choose the bond investment that pays provides the highest cash flow. ( 5 points) 1. corporate bond paying 6% 2. NYS Dorm Authority bond paying 4.25% 3. Utah Pure Waters bond paying 4.5%

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