Jake Baldwin is looking for a fixed-income investment. He is considering two bond issues: a. A Treasury with a yield of 12.31% b. An in-state municipal bond with a yield of 9.36% 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.) The taxable equivalent yield on the in-state municipal bond is %. (Round to two decimal places.) Which bond would provide Jake with a higher taxable equivalent yield? (Select the best choice below.) O A. The taxable equivalent yield on the Treasury bond is higher than the taxable equivalent yield on the municipal bond. OB. The taxable equivalent yield on the municipal bond is higher than the taxable equivalent yield on the Treasury bond