#3 A tax-exempt municipal bond has a yield to maturity of 3.51%. An investor, who has a marginal tax rate of 23.00%, 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. Will accept decimal format rounded to 4 decimal places (ex: 0.0924) #4 The market price of a semi-annual pay bond is $989.05. It has 12.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the yield to maturity? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))