A

8.25%

20-year municipal bond is currently priced to yield

8.75%

. For a taxpayer in the

32%

marginal tax bracket, this bond would offer an equivalent taxable yield of:\

8.25%

.\

9.65%

.\

10.16%

.\

11.12%

.\

12.87%

A 8.25% 20-year municipal bond is currently priced to yield 8.75%. For a taxpayer in the 32% marginal tax bracket, this bond would offer an equivalent taxable yield of: 1) 8.25%. 2) 9.65%. 3) 10.16%. 4) 11.12%. 5) 12.87%