1) What is the tax equivalent yield of a 10 year general obligation bond issued by the City of Burlington with a coupon of 4.5% if the assumed marginal tax rate is 40%?
2) Company A has a high Current Ratio relative to others in its industry, but a low Quick Ratio. This may be indicative of (relative to others inthe industry):
a. More reliance on cash sales.
b. More discounting and therefore a higher cost of goods sold.
c. Higher Accounts Payable.
d. Higher Inventory