Course: Personal Finance Management

1. A municipal bond has a yield of 5.2% and your tax rate is 32 percent, what is the taxable equivalent yield?

A. 7.65% B. 7.31% C. 5.43% D. 6.78%

2. The Galloping Growth mutual fund charges a sales load of 4.5 percent. If you invest $50,000, how much of your investment will actually be used to purchase shares in the fund?

A. $48,952.25 B. $49,634.25 C. $48,521.50 D. $47,749.50