$15$

Multiple Choice $1\mathrm{.}33$ points

In order for you to be indifferent between the after$-$tax returns on a corporate bond paying $7\%$ and a tax$-$exempt municipal bond paying $5\mathrm{.}5\%,$ what would your tax bracket need to be$?$

$21\mathrm{.}4\%$

$22\mathrm{.}6\%$

$19\mathrm{.}8\%$

$26\mathrm{.}2\%$

Cannot be determined from the information given.