1.A client in the 37 percent marginal tax bracket is comparing a municipal bond that offers a 5.70 percent yield to maturity and a similar-risk corporate bond that offers a 7.05 percent yield. Determine the equivalent taxable yield. Round your answer to 2 decimal places. Show work

2A 5.20 percent coupon bond with 17 years left to maturity can be called in five years. The call premium is one year of coupon payments. It is offered for sale at $1,080.70. What is the yield to call of the bond? (Assume interest payments are semiannual.)

Compute the price of a 5.7 percent coupon bond with 15 years left to maturity and a market interest rate of 9.2 percent. (Assume interest payments are semiannual. Round 2 decimal places. Show work