What is the yield of a bond with three years until maturity that pays a 3.75% coupon on a semi- annual basis with a $1,000 face value that is currently priced at 101.245 as a percent of par? 1.655% 3.311% 2.339% 2.649% Question 4 2 pts You are looking to buy a bond. A municipal bond has a coupon of 4.375% while a similar quality corporate bond has a coupon of 6.185%. You are in the 24% marginal tax bracket. Which bond do you prefer based on taxable equivalent yield (TEY)? Corporate, because TEY is 5.76% O Corporate, because TEY is 6.185% Municipal, because TEY is 4.42% Municipal, because TEY is 5.76%