Question: Question 1 Please answer both questions Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to maturity of 5.7

Question 1 Please answer both questions Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to maturity of 5.7 percent for an investor in the 25 percent marginal tax bracket? (Round your answer to 2 decimal places.)

Question 2 Current Yield What's the current yield of a 5.50 percent coupon corporate bond quoted at a price of 97.05? (Round your answer to 1 decimal place.)

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