Homework: Homework 4 Score: 0 of 2 pts 7 of 51 (25 complete) P10.7 (similar to) Jake Baldwin is looking for a fixed-income investment. He is considering two bond issues: a. A Treasury with a yield of 8.14% b. An in-state municipal bond with a yield of 6.47% Jake is in the 32% federal tax bracket and the 6% state tax bracket. Which bond would provide him with a higher tax-adjusted yield? The taxable equivalent yield on the Treasury bond is %. (Round to two decimal places.)