Question # $1$

An unsecured loan carries a $13\mathrm{.}9\%$ annual percentage rate $($APR$).$ and compounds daily. What is the annual percentage yield $($APY$)?$

Question # $2$

A company has a total market value of $$100$ million, $$30$ million of which is short$-$term debt. The cost of that short$-$term debt was $4\mathrm{.}5\%.$ The Company has a marginal tax rate of $40\%.$ What is the weighted after$-$tax cost of short$-$term debt for this company?