You are an individual investor considering two investment choices:

AA$-$ rated Corporate bond, $12$ years until maturity, $5\mathrm{.}5\%$ YTM

AA$-$ rated Municipal bond $,12$ years until maturity, $3\mathrm{.}8\%$ YTM

Given your marginal tax rate, you calculate a tax equivalent yield of $5\mathrm{.}28\%.$ Which bond should you purchase?

Buy the corporate bond

Buy the municipal bond

Not enough information to make a decision

You are indifferent between the two bonds