Problem 12-03 An investor in the 35% tax bracket is trying to decide which of two bonds to purchase. One is a corporate bond carrying an coupon and singer. The other murid bond with a 47% coupon, and it, too, sells at par. Assuming all other relevant factors are equal, which bond should the investors not rundt Round your answer to two decimal places The equivalent tax yield of the municipal bond is %. Therefore, a Select ] bond is better