Janice Wilcox is a wealthy investor who's looking for a tax shelter Janice is in the maximum (37%) federal tax bracket and lives in a state with a very high state income tax (She pays the maximum of 123% in state incomo lix) Janice is currently looking at two municipal bonds both of which are selling at par One is a A rated in state bond that carries a coupon of 8 643% The other is a AA rated out of state bond that.cames a coupon of 9252 Her broker has informed her that comparable fully taxable corporate bonds are currently available with yields of 11 6975 Alternatively long Treasures are now valable at yields of 11088% She has $100,000 to invest and because all the bonds are high quality issues she wants to select the one that will give her maximum after-tax returns a. Which one of the four bonds should she buy? b. Rank the four bonds (trom best to worst) in terms of the taxable equivalent yields