Q1. Supposed you are an investor who falls in the 35% tax bracket (federal and state taxes combined). You have a lower risk appetite and have decided that government bonds are the best fit for you. You are considering investing in either the 10-year Treasury Note that currently yields 4.2% or a 10-year municipal bond fund that is expected to yield around 2.8%. As a rational investor, which one would you pick and why? What are some considerations that went into your decision?