question 2. Calculate the after tax return of a 9.17 percent, 20 year, A-rated corporate bond for an investor in the blank percent marginal tax bracket. Compare this yield to a 7.96percent, 20 year, A rated, tax exempt municipal bond and explain which alternative is better. Repeat the calculations and comparison for an investor in the 33percent marginal tax bracket.

The after tax return of a 9.17 percent, 20 year, A-rated corporate bond for an investor in the 15 percent marginal tax bracket is blank percent. (Round 2 decimal places)