1. One year ago, Baili purchased a $1,000 face value corporate bond with an 11 percent annual coupon rate and a 10-year maturity. at the time of the purchase, the bonds had an expected yield-to-maturity of 9.79 percent. Today he sold the bond for $1,069.49. what is the return that Baili earned on this investment?
a-6.05% b-8.88% c-9.05% d-10.31% e-12.22%
2. What is the (1) marginal and (2) average tax rate paid for a firm with taxable income of:
a) $30,000; b) $65,000; c) $125,000; d)$9 million; e)$16 million? need exact steps on how to solve. for a)15% b)25% c)39% d)34% e)38%