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  3. a municipal bond has a coupon rate of 5.92 percent

A municipal bond has a coupon rate of 5.92 percent and a YTM of 5.59...

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A municipal bond has a coupon rate of 5.92 percent and a YTM of 5.59 percent. If an investor has a marginal tax rate of 39 percent, what YTM would a taxable bond have to offer to be just as good for the investor? Multiple Choice 3.61% 9.70% 6.39% 9.16% 3.41%

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