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10 A tax-exempt municipal bond has a yleld to maturity of 3.78%. An Investor, who has a marginal tax rate of 15.00%, would prefer and

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10 A tax-exempt municipal bond has a yleld to maturity of 3.78%. An Investor, who has a marginal tax rate of 15.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to maturity of more than %. Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. We accept decimal format rounded to 4 decimal places (ex: 0.0924

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