Question: You can purchase a $ 1 , 0 0 0 Municipal Bond with a coupon rate of 4 . 5 % or a $ 1

You can purchase a $1,000 Municipal Bond with a coupon rate of 4.5% or a $1,000 Corporate Bond with a coupon rate of 6%. You are in the 32% tax bracket. Which bond will give you the highest after-tax return?

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