please help me with most of the questions. they are not worth a lot that why I combined them. thank you.

Bill Jeffries is considering the purchase of a tax-exempt security that is paying a yield of 8%. Jeffries is the 40% tax bracket. To match this after-tax yield, Jeffries should consider taxable securities that pay a least

		13.33%
		20%
		10.77%
		12.5

A junk bond is___________________.

		an unrated bond
		a bond that will earn a higher spread relative to a Treasury than a AAA rated bond will yield.
		a low yield bond relative to A rated corporate bonds.
		a bond which is rated BBB or lower by rating agencies

In theory, if the government deficit increases, interest rates should decrease.

True

False

The Black Scholes Option Pricing Model states that the price of an option (the option premium) is a function of all of the following EXCEPT (remember the list of 5 things that we said affected the value of an option):

		market price of the underlying asset
		original maturity of the option
		time to maturity of the option
		strike price
		volatility of the price of the underlying asset