1. A) A tax-exempt municipal bond with a coupon rate of 5.00% has a market price of 98.85% of par. The bond matures in 14.00 years and pays semi-annually. Assume an investor has a 16.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than _____%

B) A taxable bond with a coupon rate of 5.00% has a market price of 98.21% of par. The bond matures in 16.00 years ans pays semi-annually. Assume an investor has a 20.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____%

2. A) The market price of a semi-annual pay bond is $986.55. It has 19.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the yield to maturity?