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Assume that you are in the 3 1 percent marginal tax bracket and that you have $ 5 , 0 0 0 to invest. You

Assume that you are in the 31 percent marginal tax bracket and that you have $5,000 to invest. You have narrowed your investment choices down to California bonds with a yield of 7 percent or equally risky ExxonMobil bonds with a yield of 10 percent. What are after-tax interest incomes of ExxonMobil bonds and California bonds, respectively.
$345 and $345
$345 and $350
$345 and $340
$345 and $330

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