Why are high-tax-bracket investors more inclined to invest in municipal bonds than low-bracket investors?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 08:09 AM

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Why are high-tax-bracket investors more inclined to invest in municipal bonds than low-bracket investors?

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