1. What's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.3 percent for an investor in the 33 percent marginal tax bracket? (Round your answer to 2 decimal places.)
2. The beta coefficient of Zed Corporation is equal to .7 and the required rate of return on the stock equals 12 percent. If the expected return on the market is 12.5 percent, what is the risk- free rate of return?
3. The inventory turnover ratio indicates how many times during the year inventory is.