1. Your 80-year-old uncle has an estate valued at over $5 million and asked for your advice regarding how to make sure that each of his heirs receive certain assets and that estate taxes are minimized. What steps would you recommend? Detailed recommendations please.
2. You are considering a corporate bond that has a current market price of $730. It's par value is $1000 and it has a 4.5% coupon rate with a maturity in 15 years. What is the current yield of the bond?