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You are considering a Treasury Bond or a Municipal Bond. The T-bond yields 3.8%. The Muni yields 3.1%. What is your tax rate if you

You are considering a Treasury Bond or a Municipal Bond. The T-bond yields 3.8%. The Muni yields 3.1%. What is your tax rate if you are indifferent between the two investments? (enter in percentage form, but with no % sign: 12.34% entered as 12.34)
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You are considering a Treasury Bond or a Municipal Bond. The T-bond yields 3.8\%. The Muni yields 3.1%. What is your tax rate if you are indifferent between the two investments? (enter in percentage form, but with no % sign: 12.34% entered as 12.34)

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