Dear tutor,

Please kindly help to solve this problem along with explanation

1. Find the equivalent taxable yield of a short-term municipal bond currently offering yields of 16% for tax brackets of (a) zero, (b) 10%, (c) 20%, and (d) 30%. (Round your answers to 2 decimal places.) Equivalent Taxable Yield 2. Refer to table below and look at the Microsoft options. Suppose you buy a February expiration call option with exercise price $100. Till)\": l .0 Expiration Prices of stock 134309019 95 options on Microsoft. 18-Jan-2019 100 January 2_ 2019 13-Jan-2019 105 8Feb201 9 95 8-Feb201 9 100 8vFeb201 9 105 Note: Microsoftstock on this day was $101.51. Source: Compiled from data downloaded from Yahoo! Finance. a-l. Suppose the stock price in February is $104.95. Will you exercise your call? Yes or No? a-2. What is the prot (loss) on your position? (Enter your answer as a positive value rounded to 2 decimal places.) 13-]. If you had bought the February call with exercise price $95, will you exercise your call? b-2. What is the prot (loss) on your position? (Enter your answer as a positive value rounded to 2 decimal places.) c-l. If you had bought the February put with exercise price $105, will you exercise your put? c-2. What is the prot (loss) on your position? (Enter your answer as a positive value rounded to 2 decimal places