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You are analyzing two bonds which are identical in every way except one is a corporate bond and the other is a municipal bond. The

You are analyzing two bonds which are identical in every way except one is a corporate bond and the other is a municipal bond. The corporate bond has a yield of 5.00% p.a while the municipal bond has a yield of 3.00% p. a. At what tax rate would you be indifferent between these two investments?

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