Assume a municipal bond is issued by the State of New York. Its yield is stated at 6%. A taxable corporate bond of equivalent quality is yielding 9%. You are in the 35% tax bracket and your son is in the 10% tax bracket. Which would be the

correct investment strategy for both you and your son?(1 point)

A. you and your son should acquire the municipal bond

B.your son should acquire the municipal bond, but you should acquire

the corporate bond

C.you and your son should acquire the corporate bond

D.your son should acquire the corporate bond, but you should acquire

the municipal bond