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QUESTION
"a municipal bond has a ytm of 3.81 percent while the ytm of a comparable taxable bond is 5.11 percent. what is the tax rate that will make an investor indifferent between the municipal bond and the t
"a municipal bond has a ytm of 3.81 percent while the ytm of a comparable taxable bond is 5.11 percent. what is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond?"
