1. A $1,000 Treasury note has 4.5 years left to maturity, a yield to maturity of 4.25 percent, and a coupon rate of 4.50 percent. What is the price of the bond? Group of answer choices $1,007.83 $1,010.14 $1,008.53 $1,011.96 $1,009.56

2. A corporate bond is yielding 7.31 percent and a municipal bond is yielding 4.75 percent. What is the critical marginal tax rate?

3. You own a principal STRIPS which is based on a 4.5 percent coupon Treasury bond that matures in 20 years. The STRIPS is priced at $22,868 and has a par value of $50,000. What is the yield to maturity on the STRIPS?