A 2.70 percent coupon municipal bond has 11 years left to maturity and has a price quote of 95.55. The bond can be called in four years. The call premium is one year of coupon payments. (Assume interest payments are semiannual and a par value of $5,000.)

Compute the taxable equivalent yield (for an investor in the 35 percent marginal tax bracket). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Compute the yield to call. (Do not round intermediate calculations. Round your answer to 2 decimal places.)