If a Municipal bond is yielding 2.5% for an investor in the 22% tax bracket, what is the equivalent yield that investor would have to achieve on a bond whose interest is taxable?

a. 2.5%

b. 2.84%

c. 11.36%

d. 3.21%

BMW P/E ratio standing at levels close to 800 is likely best described as the market collectively exhibiting:

a. Cognitive Dissonance

b. Familiarity

c. Mental Budgeting

d. Herding