Recently, April purchased a bond for $23,150 that pays a 6% coupon, payable semi-annually. The bond matures in 6 years at a par value of $25,000. She can reinvest the semi-annual coupon at 3.5% compounded annually. Her salary is $73,000 per year. Her marginal tax rate is 40%, which is also the applicable tax rate on interest income. The tax rate on dividend income is 22% and the tax rate on capital gain income is 20%. HINT: The first 2 questions below are before-tax, the last one is after-tax. 1.What is her annualized HPR _before-tax if she does not reinvest her investment income? 2.What is her annualized HPR _before-tax if she reinvests her investment income? 3.What is her annualized HPR _after-tax if she reinvests her investment income and taxes are paid annually?