1. From public financial managment perspective, explain:
1. Why use tax incentives to support community health programs and development?
2. When would you use tax incentives?
2. Beam Inc. bonds are trading today for a price of ?$838.30. The bond pays annual coupons with a coupon rate of 4?% and the next coupon is due in one year. The bond has a yield to maturity of 6.22?%. How many years are there until the bond? matures?