The tax bracket and tax-free yield will be (18%, 3%) < (32%, 3%) < (32% , 4%) < (22% , 5%) < (24% , 6%) .
<h3>
Taxable equivalent yield based problem:</h3>
The taxable equivalent yield will be:
= Tax-free yield / (100 - Tax bracket)
Taxable equivalent yield = 3 / (100 - 18) = 0.03659
Taxable equivalent yield = 6 / (100 - 24) = 0.07895
Taxable equivalent yield = 3 / (100 - 32) = 0.04412
Taxable equivalent yield = 5 / (100 - 22) = 0.06410
Taxable equivalent yield = 4 / (100 - 32) = 0.05882
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The equation you wrote has no solutions since the left hand side is equal to 6x-10 and the right hand side is equal to 6x+8. Setting them equal we get -10=8 which is obviously wrong.
(1/2)x + x + (1/5)y + y = 32
(3/2)x + (6/5)y = 32
54554/99999. I think I am right but sorry if I am wrong.
