Question: Problem 1 - 4 3 ( LO 1 - 3 , LO 1 - 4 ) ( Algo ) Hugh has the choice between investing

Problem 1-43(LO 1-3, LO 1-4)(Algo)
Hugh has the choice between investing in a City of Heflin bond at 6.1 percent or investing in a Surething Incorporated bond at 9.1 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, in which bond should he invest?
Problem 1-43(LO 1-3, LO 1-4)(Algo) Hugh has the choice between investing

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