Melinda invests $$200,000$ in a City of Heflin bond that pays $6$ percent interest. Alternatively, Melinda could have invested the

$$200,000$ in a bond recently issued by Surething Incorporated that pays $8$ percent interest and has risk and other nontax

characteristics similar to the City of Heflin bond. Assume Melinda's marginal tax rate is $25$ percent. $($Leave no cells blank $-$ be sure to

enter $"$O$"$ wherever required.$)$

Required:

a$.$ What is her after$-$tax rate of return for the City of Heflin bond?

b$.$ How much explicit tax does Melinda pay on the City of Heflin bond?

c$.$ How much implicit tax does she pay on the City of Heflin bond?

d$.$ How much explicit tax would she have paid on the Surething Incorporated bond?

e$.$ What is her after$-$tax rate of return on the Surething Incorporated bond?