Question: 1 What is the tax exempt equivalent yield on a 9% bond yield given a marginal tax rate of 24%? 2. A T-bill quote sheet

1 What is the tax exempt equivalent yield on a 9% bond yield given a marginal tax rate of 24%?

2. A T-bill quote sheet has 90-day T-bill quotes with a 5.87 ask and a 5.81 bid. If the bill has a $10,000 face value, an investor could sell this bill for _____.

$9,854.75
$9,853.25
$9,856.74
$10,000

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