Assume you are in the 15 percent tax bracket. What tax-exempt return would a municipal bond need to pay to have a taxable equivalent yield of 5.00%. Calculate the tax-exempt return using the formula: Taxable equivalent yield = Tax-exempt return / (1.0 Your tax rate)

A) 4.25%

B) 5.10%

C) 3.75%

D) 4.50%