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Your Great Aunt Gertie wants to invest in (buy) a bond and needs your help....

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Accounting

Your Great Aunt Gertie wants to invest in (buy) a bond and needs your help. The return for each of the three securities listed below: A 4.6% City of New Orleans bond that is tax exempt at both state and federal levels. A 5.3% State of South Dakota bond that is tax exempt at the federal level but taxable at the state level since she lives in South Dakota. A 7% Taco Bell corporate bond that is taxable at both the state and federal levels. (Hint: Find the TETR and use to calculate the applicable tax rate.) In South Dakota, the state tax rate is 10% and federal tax rate is 30%

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