a ten year bond pays 16% interest on a 1000 face value annually. If it currently sells for 1192, what is its appeoximte yield to maturity (apr)

D. $19 million

Explanation:

The computation of the deferred tax liability for three years is shown below:

Total depreciation would be $60 million

For each year it would be = $60 million ÷ 3 years = $20 million

For the first year, it would be

= $20 million × 35%

= $7 million

For  the second year, it would be

= $20 million × 30%

= $6 million

the first year, it would be

= $20 million × 30%

= $6 million

So, the total would be

= $7 million + $6 million + $6 million

= $19 million