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A 5-year corporate bond yields 9.70%. A 5-year municipal bond of equal risk yields 6.60%. Assume that the state tax rate is zero. At what

A 5-year corporate bond yields 9.70%. A 5-year municipal bond of equal risk yields 6.60%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? (Round your final answer to two decimal places.) O a. 46.97% O b. 31.00% c. 16.30% O d. 68.04% Oe. 31.96%
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