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Which one of these correctly defines equivalent taxable yield? Multiple choice question. The after - tax rate earned on either a taxable or nontaxable bond.

Which one of these correctly defines equivalent taxable yield?
Multiple choice question.
The after-tax rate earned on either a taxable or nontaxable bond.
The pretax rate required on a taxable bond to yield the same rate as a muni bond
The after-tax rate needed on a corporate bond to equal the after-tax rate on a muni bond
The pretax rate needed on a taxable bond to produce the same after-tax rate as a muni bond

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