What's the taxable equivalent yield on a municipal bond with a yield to maturity of $4\mathrm{.}55$ percent for an investor in the $35$ percent marginal tax bracket?

$1\mathrm{.}09\%$

$3\mathrm{.}90\%$

$7\mathrm{.}00\%$

$11\mathrm{.}14\%$