JAKE baldwin is looking for a fixed$-$income inestment. He is considering two bond issues:

a$.$ a treasury with a yeild of $4\mathrm{.}56\%$

b$.$ an in$-$states municipal bond with a yeild of $3\mathrm{.}68\%$ jake is in the $32\%$ federal tax bracket and the $6\%$ state tax bracket. which bond would provide him a higher tax$-$adjusted yeild?

the taxable equivalent yeild on the treasury bond is $\_\_\_\_\_\%?$