IGEN WUN A bank is considering two securities: a 30-year Treasury bond yielding 8 percent and a 30-year municipal bond yielding 3 percent. a. If the bank's tax rate is 35 percent, calculate the Treasury bond's tax equivalent yield. (Round your answer to 1 decimal place. (e.g., 32.1)) b. Which bond offers the higher tax equivalent yield? 1.0: % a. b. Tax equivalent yield Tax equivalent yield 30-year treasury bond