For a taxpayer in the 15% marginal tax bracket, a 15-year municipal bond currently yielding 6.2% would offer an equivalent taxable yield of
A. 6.2%.
B. 5.27%.
C. 8.32%.
D. 7.29%.
D. 7.29%.
0.062 = r(1 – t); r = 0.062/(0.85); r = 0.0729 = 7.29%.
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The board of directors of Meckes Corporation, at a regular meeting of the board, entered into a contract with Peter, one of the directors. The agreement called for the sale of a retail store the corporation operated to Peter. There were 12 board members, 10 of whom were present at the meeting. Nine directors, including Peter, voted in favor of the contract and one voted against it. In view of these facts, which of the following is correct?
A. The contract between Peter and the corporation is illegal. B. If the contract is unfair to the corporation, it is voidable at the option of the corporation. C. The contract is valid because Peter's vote was not necessary for approval of the contract. D. A director cannot enter into a contract with a corporation of which he is a director.
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Indicate whether the statement is true or false
Identify the prepositional phrase or prepositional phrases in the sentence. The work can wait until tomorrow
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