1. The operating and maintenance (O & M) costs of an opearation are expected to increase at 0.2% per month. The O & M costs for this month is $2,250. For an interest rate of 12% compounded monthly, calculate the equivalent equal annual cost for a 10 year period.
2. What will your aftertax yield be on a corporate bond that is currently priced to yield 7 percent if you are in the 25 percent tax bracket?
3. If a $1000.00 face value U.S. Bond is quoted at 99.5, then the bond can be purchased _____?