A 3.9 percent corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? Amount paid A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 5.60 percent yield to maturity and a similar- risk corporate bond that offers a 7.00 percent yield. Determine the equivalent taxable yield. (Round your answer to 2 decimal places.) Equivalent taxable yield % Which bond will give the client more profit after taxes? O corporate bond O municipal bond