Question: What is the the difference in before tax yield between the following investments for an investor in the 20 marginal tax rate? - a 100,000

What is the the difference in before tax yield between the following investments for an investor in the 20 marginal tax rate?

- a 100,000 par value sold with a 5% discount that matures in 109 days

- a 5.6% municipal bond

PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO 0 DECIMAL PLACES. DON'T USE THE PERCENTAGE SYMBOL. EX IF YOUR ANSWER IS 10%, JUST WRITE 10

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