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1. A Muni Bond yields 3% and a taxable bond yields 5%. At what tax rate would you be indifferent between the two bonds? 2.

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1. A Muni Bond yields 3% and a taxable bond yields 5%. At what tax rate would you be indifferent between the two bonds? 2. What is the price of a 10 -year bond ( $1000 face value) that has an 6% annual coupon if YTM is 8% ? 3. What is the price of the same bond if the coupon is semi-annual

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