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You can invest in either corporate bonds which yield 4.18%, or municipal bonds (of equal risk) which yield 3.09%. Which investment should you choose for

You can invest in either corporate bonds which yield 4.18%, or municipal bonds (of equal risk) which yield 3.09%. Which investment should you choose for cases A and B?

Ignore state income taxes:

A. Your personal tax rate is 35%

B. Your personal tax rate is 14%

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