Multiple Choice Cannot determine from the information provided. The corporate bond. Its after-tax yield is 4.9% compared to the municipal bond's after-tax yield of 3.5\%. The municipal bond. Municipal bonds have less default risk than corporate bonds. The municipal bond. Its after-tax yield is 5% compared to the corporate bond's after-tax yield of 4.9%. The corporate bond. Its yield is 7% compared to the municipal bond's 5% yield