A municipal bond issued by the State of Alabama is priced to yield 6.25%. If you are in the 15% tax bracket, this bond would provide you with an equivalent taxable yield of _________.

5.31%

7.35%

9.23%

none of the above

A stock quote indicates a stock price of $80 and an annualized dividend yield of 3%. The latest quarterly dividend received by stock investors must have been ______ per share. Hint: Compute annual dividend amount and then scale it by 4 to obtain quarterly dividend amount.

		$0.60
		$1.80
		$0.45
		$1.25