please solve both questions

Homework: Chapter_15 Score: 0 of 1 pt A 8 of 16 (0 complete) P 15-8 (book/static) What is the distinguishing feature of how municipal bonds are taxed? (Select the best choice below.) O A. The distinguishing feature is that income from municipal bonds is not taxed at the local level. B. The distinguishing feature is that income from municipal bonds is not taxed at the state level. O C. The distinguishing feature is that income from municipal bonds is not taxed at the federal level. D. The distinguishing feature is that income from municipal bonds is not taxed at all. Score: 0 of 1 pt 9 of 16 (complete) HW Score: 0% 0 of 16 pts P 15-9 (similar to) Question Hello Your fimm successfuly issued new debt last year, but the debt carries covenants. Specifically, you can only pay dividends out of uning made after the debt issue and you must martan a minimum quick acid test) Current Assets - Inventory)/Current Liabilities of 12 You net income this year was 5609 milion Your cash is $9.7 million, you receivables are $8.5 milion, and your inventory is $ 3 million. You have content abilities of $19.4 millonWhat is the macmum divided you could pay on cash and in stock) this year and still comply with your cove? The maximum dividend would be smilion (Round to one decimal place)