You and your spouse are interested in purchasing a $10,000 par value bond issued by the City of Newton Highway Department. The annual coupon rate is 8.00%. The bond is presently selling for $10,405 and has exactly five years remaining until maturity. At the same time, you are contemplating, as an alternative investment, the purchase of a $10,000 bond issued by Federal Express Corp. This bond also has exactly five years remaining until maturity and its annual coupon rate is 9.50%. However, this bond is presently selling for $9,810. Given you nominal tax rate of 20% and marginal tax rate of 33%, which bond is the more advantageous to own, assuming risk as well as the duration are equivalent. I would recommend the use of the approximate yield to maturity" model to facilitate your calculations. Please show your ealeulations