Drag each tile to the correct box. Each tile provides an investor's tax bracket along with the tax-free yleld of a bond the investor purchased. Use the formula to determine the
taxable equivalent yields of the investments, and then order the investments from least to greatest return.
tax-free yield
taxable equivalent yield = 100 – tax bracket
tax bracket: 18%
tax-free yield: 3%
tax bracket: 24%
tax-free yield: 6%
tax bracket: 32%
tax-free yield: 3%
tax bracket: 22%
tax-free yield: 5%
tax bracket: 32%
tax-free yield: 4%