In a short essay of no more than one page, explain the following:

• The difference among corporate, municipal, and government bonds
• The impact of interest rates on the price of bonds
• How "laddering" of bonds "might" benefit investors
• What group of investors purchase bonds
• The role of "Duration" regarding a bond's price
• Where bonds are purchased; how to purchase
• Provide a Taxable Equivalent Yield calculation for a municipal bond and explain "what" the yield means in comparison to a taxable, corporate bond.