Question 4 2 pts You are considering two corporate bonds, similar in all ways except one is a ten-year bond and the other is a 20year bond. Which one would you expect to pay the higher interest rate? The 20-year bond likely pays the higher interest rate. The 10 -year bond likely pays the higher interest rate. The 10- year bond and the 20-year bond will have the same interest rate. Cannot answer this question with the information given The current yield for a bond is stated on the bond certificate. is determined by dividing the annual interest amount by a bond's current market price. is not a factor when evaluating a bond investment. takes into account the bond's maturity value. Question 7 2 pts Determine the current yield on a corporate bond investment that has a face value of $1000, pays 7.25 percent interest, and has a current market value of $1,080. 6.7% 7.25% 67% Comparing the interest rate of a taxable corporate bond with the interest rate on a non-taxable municipal bond is tricky and requires the use of a formula. Using the correct formula, determine the taxable bond interest rate required to outperform a municipal bond with a 4% interest rate. Assume a 32\% tax rate for investor. Show your work