A municipal bond has a YTM of $4\mathrm{.}05$ percent while the YTM of a comparable taxable bond is $5\mathrm{.}95$ percent. What is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond?

Multiple Choice

$35\mathrm{.}13\%$

$46\mathrm{.}91\%$

$39\mathrm{.}42\%$

$41\mathrm{.}02\%$

$31\mathrm{.}93\%$