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Return from a municipal bond

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If an investor is in a 30% marginal tax bracket and can purchase a straight (non-municipal bond) at 8.37 percent and a municipal bond at 6.12 percent, which should he or she choose?

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This provides the steps to calculate the return from bonds

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If an investor is in a 30% marginal tax bracket and can purchase a straight (non-municipal bond) at 8.37 percent and a municipal bond at 6.12 percent, which should he or she choose?

1) Return from a municipal ...

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