1. In 2015, Silvia made a gift of stock worth $6,014,000 to her daughter Heather. What is the gift tax?
2. The modified duration of a bond is 5.55. What is the approximate percentage change in price using duration only for a yield decrease of 90 basis points?
3. If a building is 75% occupied, what is the annual utility expense if the building offers 45,000 sf of rentable space and utilities are $2.15/sf and 40% fixed?