PEDILEHS - Sallie the fellewlng. Shaw year were {a simple answer that is wrenn earns eel-e minim. and a right answer ulthnut heel: up teeth may net earn full paints}! 1. {11 Peints) BEfdl'ETaltfarr'l'an Rates a. An imrssler, Terry Heirs, is in the 35% tax bracket and has been sentemblating invesng in cerebrate bends. Altar a recent star at the Eiffel Payne Hessiitalr a net-ferpret beseital, he leaned that their will be issuing tax-exempt bends fer a maier exeansien. The taxable sereerate bends ef 1he same risir ear.r int-i:- interest. Iiliil'iat is lhe minimum rate Eil'Fel Payne can setter 1he bends ferTemrte invest in thielart-free bends? NEWER "ii: b. New after a few years, TEI'TY retired and is in a 1mm bracket. He had invested in the heseital bends at 12%, but is werdeng if he night he bedsr l'nldieg 1he sereerate bends that are still earning 12%. what is due minimum rate me taxable serperate bends can pair Mr Terry- te benet by switd'iieg te them? ANSWER '5'lEi