PDF Weighing the Choice between Taxable and Tax-Free Bonds
additional benefit by investing in tax-free bonds within them. By doing so, you may be needlessly forgoing a higher yield from a taxable bond. Tax-free munis are best held in taxable accounts. When Less is More Here's an example of how to calculate the yield a taxable bond must provide to equal that of a tax-free bond. Let's say you are in the ... ................
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