You are a financial advisor and can recommend one of two bonds to your clients. The first is a corporate bond that pays annual interest of 9.3%. The second is a municipal bond (muni) that pays annual interest of 7.5%. Which bond do you recommend to your clients?

A) For clients in the 10% tax bracket, the muni bond is preferable.

B) For clients in the 15% tax bracket, the muni bond is preferable.

C) For clients in the 25% tax bracket, the corporate bond is preferable.

D) For clients in the 28% tax bracket, the muni bond is preferable.