大牛来给解答一下啊~

106的yield ratio不是应该higher yield/lower yield么？

106. A U.S. investor has purchased a tax-exempt 5-year municipal bond at a yield of
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 .

还有77题怎么理解

77. Which of the following is least likely to concern an investor evaluating a
corporation’s shareowner rights provisions?
A. Shareowners may nominate board members.
B. Shares held by the founding family have supernormal voting rights.
C. To ensure accuracy, company executives tabulate and verify shareowner
voting. 

[此贴子已经被作者于2009-6-5 20:52:13编辑过]

第77题,我市用排除法的

b.肯定不对,家族企业控制董事局

c.公司的管理层来数股东的投票,万一作弊怎么办,不独立

哦。。。我理解错了

那106题呢？

notes上说是higher/lower啊

可是还是不对呀，第106题，notes上虽然是以treasury bond做benchmark，但是公式下面写了一句，note that the yield ration is simply one plus the relative yield，那就证明yield还是应该大于1啊。。。