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A tax- exempt municipal bond provides a yield of 5% what are the equivalent yields on the bond for investors with 25% and 39.6% tax

A tax- exempt municipal bond provides a yield of 5% what are the equivalent yields on the bond for investors with 25% and 39.6% tax rate, respectively?

A) 2.625 and 2.114%

B) 3% and 2.114%

C) 5% and 5%

D)6.667% and 8.278%

E) 5.333% and 6.623%

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