16. What's the taxable equivalent yield on a municipal bond with a yield to maturity of 5.00 investor in the 25 percent marginal tax bracket? (Round your answer to 2 decimal places.) A. 6.67% B. 1.25% C. 20.00% D. 5.00% 17. Calculate the price of a 6.5% coupon bond with 17 years left to maturity and a market interest rate of (Assume interest rates are semiannual and par value is $1,000.) Is this a discount or A. $685.93; discount B. $791.03; discount C. $1.051.83; premium D. $1,176.31; premium premium bond? 18. The Buckle (BKE) recently paid a $0.90 dividend. The dividend is expected to grow at a 19 percent rate the current stock price of $43.17, what is the return shareholders are expeeting? A. 19.00 percent B. 19.02 percent C. 21.48 percent D. 22.74 percent 19. If a preferred stock from Pfizer Inc. (PFE) pays S7.00 in annual dividends, and the required return on th preferred stock is 12.00 percent, what's the value of the stock? A. $.58 B. S.84 C. $58.33 D. $84.00 20. What's the present value, when interest rates are 10 percent, of a S240 payment made every year foreve A. S1,656.00 B. $3.478.206 C. $16.56 D. $2.400.00 21. Compute the expected return given these three economie states, their likelihoods, and the potential ret Economic Probability Return State Fast Growth Slow Growth 50% 0.1 0.6 0.3 | 00 |-10% | Recession A. 6.8 percent B. 12.8 percent C. 16.0 percent D. 22.7 percent