Three friends Neelam, Ashok, and Madhu have asked you to determine the equivalent taxable yield on a multiple bond. The bonds current yield is $4\mathrm{.}96\%$ with five years left until maturity. Neelam is in the $15\%$ marginal tax bracket, Ash hawk is in the $25\%$ bracket, and Matt who is in the $35\%$ bracket. Calculate the equivalent taxable yield for your three friends. Assuming a similar AAA corporate bond yields $5\%$ which of your friends should purchase the multiple bond?