Question
Your grandmother is in the 28% tax bracket and wants to buy a Muni bond yielding 7%. Her stockbroker recommends a taxable bond which yields
Your grandmother is in the 28% tax bracket and wants to buy a Muni bond yielding 7%. Her stockbroker recommends a taxable bond which yields 9.5%. Which should she choose?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
