Which of the following statements about the equivalent taxable yield are correct? 1) The equivalent taxable yield is defined as the marginal tax rate (t) multiplied by the rate on munis (rmuni) 2) The equivalent taxable yield is defined as the marginal tax rate (t) divided by the rate on munis (rmuni) 3) The equivalent taxable yield is defined as the rate on munis (rmuni) divided by the marginal tax rate (t) 4) The equivalent taxable yield is defined as the taxable rate (rtaxable) multiplied by the rate on munis (rmuni)
