20. The after-tax yield on a $1,000,000 municipal bond with a coupon rate of 8% paying interest annually if the tax bracket is 25% is: * O a. 6% O b. 6.25% O c.8% O d. 8.25% O e. None of the above 21. A 5 years corporate bond has a 14% annual coupon with a par value of $1,000. It is currently yielding 12%. Assume that your marginal tax rate is 25%, The yield to maturity of this bond is: O a. 12% b.9% C. 8.68% d. 7.38% O e. None of the above EN