1. All unpaid current year's property taxes became delinquent. The balances of the current tax receivables and related uncollectibles were transferred to delinquent accounts.
2. A company's preferred stock pays an annual dividend equal to 16.50. if investors demand a return to 11% to purchase preferred stock, what is the markets value?
3. A bond has a convexity of 252.3. What is the convexity effect, if the yield increases by 130 basis points?