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"If I kind find muni bonds of "solid" credit quality offering a 7.2% CY (10% taxable equivalent for a 28% federal tax bracket), I'll be investing all of my cash. If prices get even better, I might even consider a prudent amount of leverage (if there is such a thing)."

Prophet - will you be looking to solely GOs or also revenue bonds? Where do you think the hunting grounds might be?
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