Question: A client in the 3 5 percent marginal tax bracket is comparing a municipal bond that offers a 6 . 1 0 percent yield to

A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 6.10 percent yield to maturity and a similar-risk corporate bond that offers a 7.25 percent yield.
Determine the equivalent taxable yield. (Round your answer to 2 decimal places.)
Which bond will give the client more profit after taxes?

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