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samualson samualson
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The corporate treasurer of Wooden Furniture Inc. is considering the purchase of either a municipal obligation with a 6.1% coupon or a corporate bond with a 9.5% return. Both bonds have a $1,000 par value. The company is currently in the 35% marginal tax bracket. Which security should the treasurer recommend?
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Foundations of Finance

Foundations of Finance


Edition: 9th
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guzmanguzman
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