Question

please answer within the hour thank you

23.) Investors in high tax brackets are more likely to own muncipal bonds than investors in low tax brackets.

true or false

24.)Management of large firms can solicit common shareholders to transfer thier voting rights to them using this instrument

	A.	None of these choices.
	B.	Stock split
	C.	Convertible bond
	D.	Warrant
	E.	Callable bond.
	F.	Proxy

25.)What is the required return on preferred stock if the dividend is $3.1 and the current price is $53.(Keep 4 decimals.)

Answer 1

23) True, as municipal bonds are tax-free, it is a better option for investors in high tax brackets to own such bonds.

24) Proxy

25) =3.1/53 =5.8491%