Which two factors must Roger consider when calculating the taxable equivalent yield for a municipal bond? A. The bond has a tax-free yield of 5%.

B. Roger’s investment income increases an average of 7% each year.

C. Roger has realized long-term capital gains that qualify for a tax rate of 0%.

D. Roger owns stock that pays a 4% dividend.

E. Roger is in the 24% tax bracket.

F. Roger was in the 22% tax bracket last year.