SAFE & SOUND ADVICE FOR HH BOND HOLDERS
22. The State of Virginia bonds are the better investment. The after-tax yield on the U.S. Government bonds is 3.64% [(1 – .35)(.056)], while the tax-exempt Virginia bonds yield 4%. pp. 5-27 and 5-28. The patronage dividend is a recovery of Maria’s feed and fertilizer costs that were deducted in 2003. ................
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