Question 12 6pts A Coca Cola bond is quoted at a price of 84.597 and it earns 2.25% interest per year. Answer the following questions and label each answer A., B., etc. A. What is the price in dollars for the Coca Cola bond? B. The owner of this bond will earn $ per year in interest. c. Calculate current yield for the bond. For B and C be sure to show your work. Assume you are in a 22% marginal tax bracket. This means that every additional dollar of income you earn will be taxed at 22%. You are considering a $5,000 investment in a tax exempt CA municipal bond with a 2.4% yield. Use the taxable equivalent yield formula to determine the rate a taxable investment would have to pay to be equivalent to the Muni. Face value is the nominal value or dollar value of a security stated by the issuer. Corporate bonds are generally issued at a face value of $1,000 and this is the amount paid to the holder of the bond at maturity. True False