16. A municipal bond has 15 years until maturity and sells for $5,590. It has a coupon rate of 5.50 percent and it can be called in 5 years. What is the yield to call if the call price is 110 percent of par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Yield to call %

22. A Treasury issue is quoted at 103:09 bid and 103:21 ask. Assume a face value of $1,000. What is the least you could pay to acquire a bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price $

23. A noncallable Treasury bond has a quoted yield of 5.13 percent. It has a 6.1 percent coupon and 12 years to maturity.

a. What is its dollar price assuming a $1,000 par value? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Dollar price $

b. What is its quoted price?

Quoted price :