Find the purchased bond, An IBM bond pays 7 percent

Find the purchased bond

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Reference no: EM1351584

An IBM bond pays 7% interest, and a Florida State bond pays 5%. If you are in a 40% tax bracket, which should you purchase? (Assume that the level of risk is the same for both bonds).

Reference no: EM1351584

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Find the purchased bond : An IBM bond pays 7 percent interest, and a Florida State bond pays 5%. If you are in a 40% tax bracket, which should you purchase?

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