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What price should the municiple bond trade at in order to have a YTM 70 basis points above the treasury bond of the same

What price should the municiple bond trade at in order to have a YTM 70 basis points above the treasury bond of the same maturity. Assume a 35% tax rate Show your calculations Muni Bond Price Coupon rate (paid annually) Face value Maturity YTM Diff Treasury Bond Price Coupon rate (paid semi annually 5%) 1000 Face valu 5 Maturity 1150 6% 1000 5 2.767% Treasury +70bps spread

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