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OpenStudy (anonymous):
Sharon lives in Virginia and expects the taxes on her bond income to be 5.75% for the state of Virginia and 28% for the federal government. She can invest in fixed-yield corporate bonds with a 6.50% yield or fixed-yield municipal bonds with a 5.25% yield. Sharon calculates that she will earn approximately 0.526% more after taxes by investing in corporate bonds. What did Sharon miscalculate?
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