4.Financial calculator section The following questions may require the use of a financial calculator. A 15-year zero coupon bond has a yield to maturity of 8% and a maturity value of $1,000. What is the amount of tax that an investor in the 30% tax bracket would pay during the first year of owning the bond?

A. $ 20.44 B. $ 10.41 C. $ 15.89 D. $ 25.22 E. $ 7.57

28. Project A has a cost of $1,000, and it will produce end-of-year net cash inflows of $500 per year for 3 years. The project's required rate of return is 10 percent. What is the difference between the project's IRR and its MIRR?

a.	3.88%
b.	4.31%
c.	5.09%
d.	5.75%
e.	6.21%