Hugh has the choice between investing in a city of heflin bond at 3.60 percent or investing in a surething inc. bond at 5.25 percent. assuming that both bonds have the same nontax characteristics and that hugh has a 40 percent marginal tax rate, what interest rate does surething inc. need to offer to make hugh indifferent between investing in the two bonds?

On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was: