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You need to choose between investing in a one-year municipal bond with a 6 percent yield and a one-year corporate bond with a 9 percent

You need to choose between investing in a one-year municipal bond with a 6 percent yield and a one-year corporate bond with a 9 percent yield. If your marginal federal income tax rate is 20 percent and no other differences exist between these two securities, which one would you invest in?

DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION

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