Question $11(1$ point$)$

You are considering the purchase of a tax$-$exempt security that is payang a yield of $15\%.$ You are in the $15\%$ tax bracket Assu everything is equivaleat besides the tax status and yield. In order to match this after$-$tax yield, a cacable security would hare to ofter a yield of

$12\mathrm{.}75\%$

$16\mathrm{.}32\%$

$17\mathrm{.}65\%$

$18.$$$7\%$

None of the options are correct.