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An investor purchases one municipal bond and one corporate bond that pay rates of retum...

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An investor purchases one municipal bond and one corporate bond that pay rates of retum of 7% and 8.6%, respectively. If the investor is in the 20% tax bracket, his after tax rates of return on the municipal and corporate bonds would be respectively, Multiple Choice 7% and 86% 7% and 6 88% 560% and 86% 8.40% and 6.889

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