Fund	Expected Rate of Return	Management Fee
Blue Sun Tax-Free Municipal Bond Fund	0.0400	0.0050
The Lassiter Corporate Bond Fund	0.0550	0.0100
Required:
Using the information in the tables, calculate the equivalent required return for the bond fund for different tax brackets. Then compare the actual return of the corporate bond fund with the required return, and show which each investor, by tax bracket, would select. (Notes: Assume investors are risk neutral and use Cells A3 and A4 for your output in the final Column)
					(Use cells B3 to C4 from the given information to complete this question.)
Tax Bracket	Corporate Bond Fund Required Rate of Return	Preferred Fund
0.12
0.22
0.24
0.32