jawz

a muni is not taxed
so if you have a 10.61 corporate bond
it will be taxed 0.34
and you would be left with 7, thus the taxable equivilant is a 10.61 corporate
dont take this the wrrong way buddy, but IF you face a lot of such issues you better put a lot of work. it is too close to the exam for you to be wondering about this…it is a very basic question
note i dont meen to freak you out, just an advice cause i dont want you to fail