You are considering the purchase of one of two different bonds, a muni, which currently yields 6%, and a corporate, which currently yields 10%. If you are trying to maximize your return and you are in a 38% tax bracket, which of the following is true?

The muni bond has a better yield for you.

The corporate bond has a better yield for you.

The bonds have identical yields for you.

There is not enough information to determine which is a better yield for you.