QUESTION 23 Buffy, who lives in NY City, is in the 30% federal tax bracket and 6% state income tax bracket. Which of the following bonds that she is considering purchasing has the highest after-tax yield: (1) Treasury bond paying 4.7%. (2) Corporate bond paying 4.9%. (3) Louisiana Municipal bond paying 3.5%. O a. 1 only. b. 2 only. O c. 3 only. d. 1 and 3 are the same and have the highest after-tax yield. QUESTION 24 Todd owns a thirty-year zero-coupon bond priced at $304.78. If interest rates increase by 50 basis points, how much will the bond change? a. The price will decrease less than 5%. b. The price will increase less than 5%. c. The price will decrease between 5% and 10%. d. The price will decrease more than 10%