you suppose universities in the state would favor? Why 3. Mr. Brown is in the 10 percent federal income tax bracket and wants to inve $10,000 in interest-earning assets. Mr. Black is in the 35 percent bracket wants to invest $15,000. The current rate on a typical high-quality tax-ex municipal bond is 3.5 percent and on a high-quality corporate bond is 4 per You are the financial advisor to both. Which investment would to each individual you recommend