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April 23, 2014

Homework Help: Finance

Posted by angela on Sunday, September 2, 2012 at 1:14pm.

Mr. Brown is in the 10% federal income tax bracket and wants to invest $8,000 in interest-earning assets. Mr. Black is in the 35% bracket and wants to invest $15,000. The current rate on a typical high-quality tax-exempt municipal bond is 5% and on a similar quality corporate bond is 6.5%. You are the financial advisor to both which investment would you recommend to each.

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