An investor is in the $28$ percent federal tax bracket and pays a $9$ percent state tax rate and $4$ percent in local income taxes. For this investo

equivalent to a corporate bond paying

interest.

$11\mathrm{.}79$ percent

$10\mathrm{.}17$ percent

$9\mathrm{.}08$ percent

$9\mathrm{.}68$ percent

$8\mathrm{.}33$ percent