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1. (1.5 points) A taxable bond has a yield of 5.12% and a municipal bond has a yield of 3.53%. (a) If you are in

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1. (1.5 points) A taxable bond has a yield of 5.12% and a municipal bond has a yield of 3.53%. (a) If you are in a 22% tax bracket, which bond do you prefer? Why? (b) If you are in a 37% tax bracket, which bond do you prefer? Why

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