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please use the formula and explain why such formula is suitable to solve this question. Briefly explain each step. A taxable bond has a yield

please use the formula and explain why such formula is suitable to solve this question. Briefly explain each step.
A taxable bond has a yield of 8%, and a municipal bond has a yield of 6\%) - If you are in a 40% tax bracket, which bond do you prefer? At what tax rate would you be indifferent between the two bonds

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