1. Yields of a Bond A 5.0 percent coupon municipal bond has 15 years left to maturity and has a price quote of 97.75. What is the bond's taxable equivalent yield for an investor in the 35 percent marginal tax bracket? (Assume interest payments are paid semi-annually and a par value of $5,000.)

2. You find a certain stock that had returns of 11 percent, −18 percent, 24 percent, and 14 percent for four of the last five years. The average return of the stock over this period was 10.1 percent.

What is the standard deviation of the stock’s returns? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)