Problem 2-16 (Static) Required: Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%, if it offers a yield of 4%. (Round your answers to 2 decimal places.) a Zoro b. 10% G 20% d. 30% Equivalent Taxable Yield % % % % Problem 3-24 (Static) Suppose that XTel currently is selling at $40 per share. You buy 500 shares using $15.000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8% Required: a. What is the percentage increase in the net worth of your brokerage account if the price of Tel immediately changes to (9$44; () $40;() $36? (Leave no cells blank - be certain to enter "O" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) % Percentage gain (6) Percentage gain (1) Percentage gain % % b. If the maintenance margin is 25%, how low can XTel's price fall before you get a margin call? (Round your answer to 2 decimal places.) Price $ 13.33 c. How would your answer to requirement b change if you had financed the initial purchase with only $17.500 of your own money? (Round your answer to 2 decimal places.) Price d. What is the rate of return on your margined position (assuming again that you invest $15.000 of your own money) if XTells selling after one year at $44: $40,01) $36? (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) % 0 Rate of return (ii) Rate of return 00) Rate of return % % e. Continue to assume that a year has passed. How low can XTel's price fall before you get a margin cal? Note: Assume maintenance margin of 25% (Round your answer to 2 decimal places.) Price