Suppose you are in the 20% tax bracket and pay additional 5% in New Jersey state taxes. You are a resident of New Jersey state. What is after-tax return for each bonds? Bond A: U.S. treasury paying 10% for 15 years Bond B: A New Jersey municipal paying 8% for 15 years Bond A 10%; Bond B: 8% Bond A8% Bond B8% Bond A 10%, Bond B: 8% Bond A6%; Bond B. 6% Bond A 20%; Bond B: 6%