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1. What is the YTM of a 15-year semi-annual 5.9% coupon bond that is selling at 102% of par? a. 5.36% b. 5.90% c. 5.70%

1. What is the YTM of a 15-year semi-annual 5.9% coupon bond that is selling at 102% of par?

a. 5.36%

b. 5.90%

c. 5.70%

d. $1,000

2. If you are in the 25% tax bracket, what is the after tax yield on a 10% Allegheny County, Pennsylvania bond?

a. 7.5%

b. 25%

c. 10%

d. 15%

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