7-32 Comparing Bond Yields A client in the 28 percent marginal tax bracket is comparing a municipal bond that offers a 4.5 percent yield to maturity and a similar-risk corporate bond that offers a 6.45 percent yield. Which bond will give the client more profit after taxes? (LG7-6) .29 TIPS T ID. Dann in the 35 nareant TIPS dieneend in npahleman 7-38 call. (Assume interest payments are semiannual and a par value of yield to $5,000.) (LG7-6) Yields of a Bond A 3.85 percent coupon municipal bond has 18 years left to maturity and has a price quote of 103.20. The bond can be called in eight years. The call premium is one year of coupon payments. Computer and discuss the bond's current yield, yield to maturity, taxable equiva- lent yield (for an investor in the 35 percent marginal tax bracket), and yield to call. (Assume interest payments are semiannual and a par value