QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS.

3.86 percent which is 100 basis points less than the yield on a 5-year option-free

U.S. Treasury. If the investor’s marginal tax rate is 32 percent, then the yield ratio

are closest to:

A. 0.79.

B. 1.26.

C. 5.68 .