An investor is in a 30% tax bracket. If corporate bonds offer 9% yields

Question: An investor is in a 30% tax bracket. If corporate…

An investor is in a 30% tax bracket. If corporate bonds offer 9% yields, what must municipals offer for the investor to prefer them to corporate bonds? (Round your answer to 2 decimal places. Omit the “%” sign in your response.)

Municipal’s offer …………………………………..%