Maria Lopez is a wealthy investor who's looking for a tax shelter. Maria is in the maximum (35%) federal tax bracket and lives in a state with a very high state income tax. (She pays the maximum of 11.5% in state income tax.) Maria is currently looking at two municipal bonds, both of which are selling at par. One is a AA-rated in-state bond that carries a coupon of 9.886%. The other is a AA-rated out-of-state bond that carries a 10.436% coupon. Her broker has informed her that comparable fully taxable corporate bonds are currently available with yields of 13.243%. Alternatively, long Treasuries are now available at yields of 12.422%. 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. Which one of the 4 bonds should she buy? Rank the 4 bonds (from best to worst) in terms of their taxable equivalent yields. The taxable equivalent yield on the in-state municipal bond is %. (Round to two decimal places.) The taxable equivalent yield on the out-of-state municipal bond is % (Round to two decimal places.) The taxable equivalent yield on the corporate bond is % (Round to three decimal places.) The taxable equivalent yield on the Treasury bond is % (Round to two decimal places.) Which one of the 4 bonds should she buy? (Select the best answer below.) Maria should buy the corporate bond that has a yield of 13.243%; its higher taxable equivalent yield means it has the highest after-tax return. Maria should buy the Treasury bond that has a yield of 12.422%: its higher taxable equivalent yield means it has the highest after-tax return. Maria should buy the AA-rated out-of-state bond that has a yield of 10.436%; its higher taxable equivalent yield means it has the highest after-tax return. Maria should buy the AA-rated in-state bond that has a yield of 9.886%: its higher taxable equivalent yield means it has the highest after-tax return