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What are the primary bank activities of smaller banks vs. larger banks? A bank is considering holding one of two securities: A 30-year Treasury Bond

What are the primary bank activities of smaller banks vs. larger banks?

A bank is considering holding one of two securities: A 30-year Treasury Bond which yields 7% and a 30-year municipal bond yielding 5%. If the banks tax rate is 30% which bond is the highest tax equivalent yield?

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