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Business, 03.09.2020 03:01 msanger7587

A client is trying to decide between a par value corporate bond carrying a coupon rate of 6.25% per year and a par value municipal bond that pays an annual coupon rate of 4.75%. Assuming all other factors are equal, and your client is in a 28% marginal income tax bracket, which bond do you tell the client to purchase and why

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A client is trying to decide between a par value corporate bond carrying a coupon rate of 6.25% per...
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