A municipal bond you are considering as an investment currently pays a yield of 6.88 percent. a. Calculate the tax equivalent yield if your marginal tax rate is 28 percent. b. Calculate the tax equivalent yield if your marginal tax rate is 21 percent. (For all requirements, round your answers to 3 decimal places. (.g., 32.161) a. Tax equivalent yield b. Tax equivalent yield ** % % You took a long position in M common stock put option. The option has an exercise price of $53 and M's stock currently trades at $55. The option premium is $0.80 per share. The time value of this option is S. per share