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Go to an online financial services site referenced in a gray Resource sidebar in Chapter 5 of your textbook.

Go to an online financial services site referenced in a gray Resource sidebar in Chapter 5 of your textbook. From the site you select, gather information on one intermediate and one long-term corporate bond and one intermediate and one long-term municipal bond.
1. Explain the characteristics of the four bonds selected including issuer, original and current maturity in years, coupon frequency, credit rating, and whether or not the bonds are backed by collateral.
2. If you were in a 20% tax bracket which of the intermediate bonds would have the greatest after-tax yield? Which of the long-term bonds would have the greatest after-tax yield? Show your calculations.
3. If you were in a 35%% tax bracket which of the intermediate bonds would have the greatest after-tax yield? Which of the long-term bonds would have the greatest after-tax yield? Should your calculations.
4. What types of investors would prefer municipal bonds? Why?
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