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Assume a corporate bonds paying annual coupon of 7%. A municipality bond with the same level of risk and the same time to maturity is

Assume a corporate bonds paying annual coupon of 7%. A municipality bond with the same level of risk and the same time to maturity is paying 6% annual coupon your tax rate is 20% which bond for would you prefer to invest in. what would be the tax rate that would make you in different between these two investments

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