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Calculate the breakeven tax rate for the following two bonds: Bond A: Taxable bond has a yield of 9% and a municipal bond has a

Calculate the breakeven tax rate for the following two bonds: Bond A: Taxable bond has a yield of 9% and a municipal bond has a yield of 7%. In other words, at what tax rate would you be indifferent between the two bonds? 10% 18% 22% 25%

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