An investor is in the 28% tax bracket and lives in a state with no income tax, which one should he buy

Has a choice of two bonds:
	1. 7.5% corporate bond that is selling at par
	2. A municipal bond with a 5.25% coupon that is also selling at Par
				Has a choice of two bonds:
					1. 7.5% corporate bond that is selling at par
					2. A municipal bond with a 5.25% coupon that is also selling at Par
	1. 7.5% corporate bond that is selling at par
	2. A municipal bond with a 5.25% coupon that is also selling at Par