These are the current questions I am looking at for answers. This lists 2 or I guess technically 3 questions that I'm needing answers for

Suppose that. holding yield constant, investors are indifferent as to whether they hold bonds issued by the federal government or bonds issued by state and local governments (that is. they consider the bonds the same with respect to default risk. information costs, and liquidity). Suppose that state governments have issued perpetuities (or consoles) with $75 coupons and that the federal government has also issued perpetuities with $75 coupons. If the state and federal perpetuities both have after-tax yields of 8%, what are their pro-tax yields? (Assume that the relevant federal income tax rate is 31.77%.) The pre-tax yield on the state perpetuity will be [1%. (Round your response to two decimal places.) According to an article in the Wall Street Journal in 2020, bonds issued by the satellite operator Intelsat that matured in 2023 "fall to a record low of 43 cents on the dollar.\" Why would an investor sell one of these bonds for 43 cents on the dollar rather than hold the bond for three years and receive 100 cents on the dollar when the bond matured? V Investors may believe the rm has a high risk of default. making a payment of 43 cents on the dollar attractive today. Investors may be worried that interest rates will decrease in the near future resulting in a lower return from holding the bond to maturity. Investors may be worried that ination will decrease in the near future resulting in a lower return from holding the bond. All of the above are true. This bond is likely to have received a rating of El since the [ Y . low rating would reect its high default risk Aaa high rating would reflect its high earning potential Baa Caa