A tax$-$free municipal bond provides a yield of $3\mathrm{.}1\%.$ What is the equivalent taxable yield on the bond given a $35\%$ tax bracket?

Group of answer choices

$4\mathrm{.}77\%$

$4\mathrm{.}35\%$

$5\mathrm{.}29\%$

$5\mathrm{.}36\%$