You run a private investment firm. I walk into your office and immediately want to hire you to manage my finances and retirement. I am close to retirement, so I ONLY want to invest in bonds. The two bonds I tell you that I am interested in purchasing are as shown below Issuer Type Price Yield Coupon US Treasury 30Yr Bonde 100.45 1.41% 1.43% CALIFORNIA STATE 30Yr Bonde 182.25 2.41% 7.60% Please do the following 1. State what each bond is 0.25) 2. Assuming a 25% tax rate calculate the actual return of each bond (.5) 3. At what tax rate (for the treasury bill) are the bonds even? (.5) 4. Assuming all else equal, which would you recommend and why (.25) 5. Explain the difference between the coupon rate and the yield (.5) You run a private investment firm. I walk into your office and immediately want to hire you to manage my finances and retirement. I am close to retirement, so I ONLY want to invest in bonds. The two bonds I tell you that I am interested in purchasing are as shown below Issuer Type Price Yield Coupon US Treasury 30Yr Bonde 100.45 1.41% 1.43% CALIFORNIA STATE 30Yr Bonde 182.25 2.41% 7.60% Please do the following 1. State what each bond is 0.25) 2. Assuming a 25% tax rate calculate the actual return of each bond (.5) 3. At what tax rate (for the treasury bill) are the bonds even? (.5) 4. Assuming all else equal, which would you recommend and why (.25) 5. Explain the difference between the coupon rate and the yield (.5)