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1a. At what tax rate would an investor be indifferent between a municipal bond yielding 5.4% and a corporate bond rate of 7.2%. Show the

1a. At what tax rate would an investor be indifferent between a municipal bond yielding 5.4% and a corporate bond rate of 7.2%.

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b. When would and investor be better off investing in the MUNI rather than the corporate bond?

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