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4. Suppose a municipal bond offers a yield to maturity of 5% and a same maturity corporate bond offers a 4% yield and marginal tax

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4. Suppose a municipal bond offers a yield to maturity of 5% and a same maturity corporate bond offers a 4% yield and marginal tax rate is 15% which one would you prefer to buy? 5. Suppose a municipal bond offers a yield to maturity of 4% and a same maturity corporate bond offers a 5% yield. For which values of the marginal tax rate an investor would prefer to buy the corporate bond

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