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1) What are the two types of municipal bonds? 2) Assume there is a tax-free bond that is yielding 9% and a taxable bond that

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1) What are the two types of municipal bonds? 2) Assume there is a tax-free bond that is yielding 9% and a taxable bond that is yielding 11% In what bond should the investors in the following tax brackets invest: 10%,12%,24%,37% 3) Suppose you have an index that's composed of the following two stocks a) Calculate the index's initial and final values using the price-weighted average method b) Suppose LKC were to split three for one so that its share price fell to $30. Calculate the new divisor, d, that leaves the average unaffected. c) Suppose the index has a starting value of 100 . Calculate the index's final value using the value-weighted average method

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