Suppose your tax bracket is 28%. Would you prefer to earn a 6% taxable return or a 4% tax-free yield?What is the equivalent taxable yield of the 4% tax-free yield?

The offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%.What is its net asset value? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Assume you sell short 100 shares of common stock at $30 per share, with initial margin at 50%.What would be your rate of return if you repurchase the stock at $35 per share?The stock paid no dividends during the period, and you did not remove any money from the account before making the offsetting transaction.

Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams from the previous question. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $40 to $50, and the stock has paid a dividend of $2 per share.a. What is the remaining margin in the account?b. If the maintenance margin requirement is 30%, will Old Economy receive a margin call? c. What is the rate of return on the investment?

Dée Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows $4,000 from her broker to help pay for the purchase. The interest rate on the loan is 8%.a. What is the margin in Dée’s account when she first purchases the stock?b. If the share price falls to $30 per share by the end of the year, what is the remaining margin in her account? If the maintenance margin requirement is 30%, will she receive a margin call?c. What is the rate of return on her investment?

A municipal bond carries a coupon rate of 6.75% and is trading at par. What would be the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket?

The New Fund had average daily assets of $2.2 billion in the past year， had an expense ratio of 1.1%, and its management fee was 0.7%.a. What were the total fees paid to the fund’s investment managers during the year?b. What were the other administrative expenses?

Fill in the blanks with appropriate words.

A.under, in peace and harmony with
B. by, in peace and harmony of
C. with, under peace and harmony toward
D. under, in peace and harmony for

_________ we seem to have conquered nature. But we are wrong. Scientusts in fact now say that we should stop ________ nature before it is too late.

A. In the surface, tampering with
B. On the surface, tampering with
C. On surface, tampering against
D. In surface, interfering with

We have already ______ the terms, but the contract is _________ the approval of higher authorities.

A. settled on, subjected for
B. agreed with, referred to
C. agreed on, subjected to
D. settled on, subject to