A municipal bond you are considering as an investment currently pays a yield of 6.76 percent. a. Calculate the tax equivalent yield if your marginal tax rate is 28 percent. b. Calculate the tax...

A municipal bond you are considering as an investment currently pays a yield of 6.76 percent.


a.
Calculate the tax equivalent yield if your marginal tax rate is 28 percent.

b.
Calculate the tax equivalent yield if your marginal tax rate is 21 percent.