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Assume you are in the 28 percent tax bracket and purchase a municipal bond with a yield of 3.10 percent. Use the formula presented in chapter 11 of your textbook to calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yield % Assume you are in the 35 percent tax bracket and purchase a municipal bond with a yield of 3.60 percent. Use the formula presented in chapter 11 of your textbook to calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yield Three years ago, you purchased a corporate bond that pays 5.8 percent. The purchase price was $1,000. What is the annual dollar amount of interest that you receive from your bond investment? Amount of annual interest Five years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 3.5 percent. Today comparable bonds are paying 4 percent. What is the approximate dollar price for which you could sell your bond? (Round your answer to 2 decimal places.) Approximate market value Two years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 5 percent. Today, comparable bonds are paying 4.30 percent. What is the approximate dollar price for which you could sell your bond? (Round your answer to 2 decimal places.) Approximate market value

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