A taxable bond has a yield of 8% and a non-taxable municipal bond has a yield of 4.75%. Your marginal tax bracket is 40%. What is the tax adjusted yield on the taxable bond? Please provide your answer as a decimal. Given the information in Pt 1, what would the breakeven tax rate be? Please provide your answer as a decimal. Which bond should be chosen Which bond should be chosen Taxable Bond Non-Taxable bond