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1a. A taxable bond has a yield of 2% and a municipal bond has a yield of 4.6%. If you are in a 23% tax

1a. A taxable bond has a yield of 2% and a municipal bond has a yield of 4.6%. If you are in a 23% tax bracket, which bond do you prefer?

1b. A taxable bond has a yield of 8% and a municipal bond has a yield of 2%. If you are in a 23% tax bracket, which bond do you prefer?

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