Quiz: Q05 Time Remaining: 00:52:48 Submit Quiz This Question: 1 pt 2 of 5 (2 complete)This Quiz: 5 pts possible Suppose you pay 20 percent of your income in federal income taxes. Suppose a tax-exempt municipal bond pays 8 percent per year. What yield would you require on a corporate bond of the same default risk to make you indifferent between buying this bond and the municipal bond? The required yield on a corporate bond will have to bepercent. (Enter your response as a percentage rounded to one decimal place.)