00:01
So here we need to think about the impact of tax on our investing decisions.
00:04
So we have two choices.
00:05
One, we can go corporate.
00:08
And if we go corporate, we get 8 .5%.
00:12
Our other option is to go municipal.
00:17
And if we do municipal, we get 5 .5%.
00:23
But then here, in the corporate, we need to pay tax.
00:28
And that tax rate is t%.
00:31
That means we actually get, right? so here, after we pay tax, we pay the tax rate times 8 .5%.
00:43
And that means we get one minus the tax rate times 8 .5%...