26. In #25 the coupon on this bond has now < >creased no change < >eased doubled < >t tell from this information 27.Bonds issued by state and local governments < >treasury bonds corporate bonds < >municipal bonds < >international bonds < >state and local governments do not issue bonds 28. A 5-year corporate bond yields 9%. A 5-year municipal bond of equal risk yields 6.5%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? < >27.78% < >38.46% < >41.22% < >54.33% 72.22% 29. You live in the state of NC, are in the 31 % federal tax bracket, and the 7% state tax bracket. You are thinking about investing in a NC muni bond that is paying interest at 4%. What would your equivalent yield have to be on a corporate bond in order to equal this muni bond? 10.54% < >5.80% < >8.52% 6.45% < >12.02% 30. Assume in #29 that you buy a SC bond instead of the NC bond. What would your equivalent yield the become? < >10.53% 5.80% < >8.52% < >6.45% 12.02% 31. Risk that affects assets each to a greater or lesser degree and is indicative of the market is called: < >idiosyncratic risk. < >diversifiable risk. < >systematic risk. < >asset-specific risk. < >total risk.