A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 6.10 percent yield to maturity and a similar- risk corporate bond that offers a 7.25 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 municipal bond O corporate bond

A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 610 percent yield to maturity and a similartisk corporate bond that offers a 725 percent yield Determine the equivalent taxable yield. (Round your onswer to 2 decimal ploces.) Which bond will give the client more profit after taxes? municipal bond corporate bond