Jackson has the choice to invest in city of mitchell bonds or sundial, inc. corporate bonds that pay 6.8% interest. jackson is a single taxpayer who earns $62,500 annually. assume that the city of mitchell bonds and the sundial, inc. bonds have similar risk. what interest rate would the city of mitchell have to pay in order to make jackson indifferent between investing in the city of mitchell and the sundial, inc. bonds for year 2018? (use tax rate schedule)

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.