A taxable bond has a yield of 8.50% and a municipal bond has a yield of 5.95%. At what tax rate would you be indifferent between the two bonds (i.e., the rate where the returns on the two bonds are equal)?

	a.	40.00 percent
	b.	25.00 percent
	c.	35.00 percent
	d.	30.00 percent

North Side Corporation is expected to increase dividends at 10 percent rate each year over the next three years. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividend forever. If the required return on the stock is 11 percent, what is the current share price given the companys most recent dividend was $2?