If Security Purchasers Found the After-Tax Yield on Municipal Bonds

Multiple Choice

If security purchasers found the after-tax yield on municipal bonds higher than that of corporate bonds, leading to an increase in municipal bond purchases and an increase in corporate bond sales, this would cause the

A) yields on municipals to increase.
B) prices on corporate bonds to increase.
C) yields on corporate bonds to decrease.
D) yields on municipals to decrease.