1. A municipal bond yields 8.19 percent. An investor in a marginal 39.61 percent tax bracket is comparing this bond with a similar corporate bond. What is the equivalent taxable yield on the municipal bond?

Enter answer in percents, accurate to two decimal places.

2. A recent stock quote for a company shows a price of $160, and a dividend yield of 8.65 percent. If that is the case, what is the most recent quarterly dividend paid to the shareholders?

Enter answer accurate to two decimal places.

3. As you are caught in traffic yet again on the way home, you grab your steering wheel in a white-knuckled grip of frustration and look to the sky, imagining how cool it would be to have a flying car. Right then and there, you decide to start a Flying Car Index, which is the price-weighted index of the five largest flying car development companies. The prices of the five stocks are 74, 44, 38, 60, 67 per share, respectively, when the last company decides to have a 2 for 1 stock split, and its share price halves. What should be the new divisor for your index so that its value is unaffected by the event?

Enter answer accurate to 2 decimal places.

4. A market value weighted index has three stocks in it, priced at 34, 42, and 45 per share, and each firm has 295, 229 and 199 thousand shares outstanding, respectively. The value of the index today is 715. Over the course of a month, the market does its random walk-y thing, and the prices of the three stocks change do 91, 94, 68, respectively. What is the new value of the index?

Enter answer accurate to two decimal places.