The face value of a one-year tax-free municipal discount bond is $230,000. The interest rate on this bond is 15 percent. Assume that the average income tax rate faced by the bond market investors is 25 percent. Due to arbitrage, the interest rate on the one-year taxable treasury discount bond will be X percent and its price will equal Y dollars. What are the values of X and Y?

Group of answer choices

X = 11.25 & Y = 206,741.57

X = 20 percent & Y = $200,000

X = 25 percent & Y = $150,000

X = 15 percent & Y = $200,000

X = 20 percent & Y = $150,000