1) How much do you pay for a zero coupon government bond that has a term of 30 years, an interest rate of 12%, and a par value of $1000. 2) A taxable bond has a yield of 12% and a municipal bond has a yield of 4.6%. If you are in a 23% tax bracket, which bond do you prefer? 3) A taxable bond has a yield of 8% and a municipal bond has a yield of 12%. If you are in a 23% tax bracket, which bond do you prefer?