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A tax-exempt municipal bond with a coupon rate of 7.00% has a market price of 98.65% of par. The bond matures in 20.00 years and

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A tax-exempt municipal bond with a coupon rate of 7.00% has a market price of 98.65% of par. The bond matures in 20.00 years and pays semi-annually. Assume an investor has a 30.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than 2 Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) A taxable bond with a coupon rate of 9.00% has a market price of 98.79% of par. The bond matures in 16.00 years ans pays semi-annually. Assume an investor has a 35.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than % Answer format: Percentage Round to: 2 decimal places (Example: 9.24\%, \% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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