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A 3 . 3 0 percent coupon municipal bond has 1 1 years left to maturity and has a price quote of 9 7 .

A 3.30 percent coupon municipal bond has 11 years left to maturity and has a price quote of 97.15. 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.) Bonds current yield? YTM? Taxable equivalent for an investor in 36% tax bracket?

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