$7-16$ Comparing Bond Yields A client in the $39$ percent marginal tax bracket is comparing a municipal bond that offers a $4\mathrm{.}5$ percent

yield to maturity and a similar$-$risk corporate bond that offers a $6\mathrm{.}45$ percent yield. Which bond will give the client more profit after

taxes? $(/$ LG$7-6)$

$7-17$ Spreadsheet Problem: Bond Prices and Interest Rate Changes A $6\mathrm{.}5$ percent coupon bond with $14$ years left to maturity is priced