Explain why united states taxes rates are progressive

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1. A 12-year bond pays semi-annual coupons at c_2 = 9.7%, has a yield rate of y_2 = 7.6%, and is redeemable for $ W. If the book value immediately after the 7th coupon payment is $1182.99, and the book value immediately after the 11th coupon payment is $1151.55, what is the bond's face value?

2. Explain why “ United States taxes rates are progressive”

3. Comparing historical risk for t-bills, common stock, art, corporate bonds and common stock.

Reference no: EM131944551

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