26. Which one of the following is a true statement regarding corporate bond A. A corporate callable bond gives its holder the right to exchange it for a specified number of the company's common shares B. A corporate debenture is a secured bond. C. A corporate convertible bond gives its holder the right to exchange it for a specified number of the company's common shares. D. Holders of corporate bonds have voting rights in the company. 27. An investor buys a T-bill at a bank discount quote of 4.80 with 150 days to maturity. The investor's bond equivalent yield on this investment is A. 4.80% B. 4.97% C. 5.47% D. 5.74% 28. An investor purchases one municipal bond and one corporate bond that pay rates of return of 5% and 6.4%, respectively. If the investor is in return on the municipal and corporate bonds would be, respectively, the i 5% tax bracket, his after-tax rates of A. 5% and 6.4% B. 5% and 5.44% 4.25% and 6.4% 5.75% and 5.44%