Three friends, Jodie, Natalie, and Neil, have asked you to determine the equivalent taxable yield on a municipal bond. The bond's current yields 9.9 percent with five years to my Jodie is in the 15 percent marginal tax bracket. Natalie is in the 25 percent bracket, and Neil is in the 35 percent bracket Calculate the equivalent taxable yold for your three friends. Autuming a similar corporate bond yields 11.23 porcent, which of your friends should purchase the municipal bond? The equivalent taxable yield for Jodio who has a 15 percent marginal tax bracket 8 % (Round to two decimal places.)