need help with 23-27

Please use the information shown below on the next five questions Consider the decision to purchase either a four-year corporate bond or a fouryear municipal bond. The corporate bond is a 7.5% annual coupon bond with a par value of $1,000 and a yield to maturity of 6.5%. The municipal bond has an annual coupon of 3.5%, par value of $1.000 and a yield to maturity of 5.25%. What is the present value of the corporate bond? What is the present value of the muni? From prior: Consider the decision to purchase either a four-year corporate bond or a fouryear municipal bond. The corporate bond is a 7.5% annual coupon bond with a par value of $1,000 and a yield to maturity of 6.5%. The municipal bond has an annual coupon of 3.5%, par value of $1.000 and a yield to maturity of 5.25%. What is the after-tax yield of the corporate bond? Assume a tax rate of 50% Information from prior: Consider the decision to purchase either a four-year corporate bond or a fouryear municipal bond. The corporate bond is a 7.5% annual coupon bond with a par value of $1,000 and a yield to maturity of 6.5%. The municipal bond has an annual coupon of 3.5%, par value of $1,000 and a yield to maturity of 5.25%. What is the after-tax yield of the municipal bond? Assume a tax rate of 50%. Information from prior: Consider the decision to purchase either a four-year corporate bond or a fouryear municipal bond. The corporate bond is a 7.5% annual coupon bond with a par value of $1,000 and a yield to maturity of 6.5%. The municipal bond has an annual coupon of 3.5%, par value of $1,000 and a yield to maturity of 5.25%. Which is the better return for the investor on an after-tax basis? Please answer either corporate or municipa Information from prior: Consider the decision to purchase either a four-year corporate bond or a fouryearmunicipal bond. The corporate bond is a 7.5% annual coupon bond with a par value of $1,000 and a yield to maturity of 6.5%. The municipal bond has an annual coupon of 3.5%, par value of $1.000 and a yieid to maturity of 5.25%