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A 3 . 8 5 percent coupon municipal bond has 1 8 years left to maturity and has a price quote of 1 0 3
A percent coupon municipal bond has years left to maturity and has a price quote of The bond can be called in eight years. The call premium is one year of coupon payments. Assume interest payments are semiannual and a par value of $
Compute the bond's current yield. Do not round intermediate calculations. Round your answer to decimal places.
Current yield
Compute the yield to maturity. Do not round intermediate calculations. Round your answer to decimal places.
Yield to maturity
Compute the taxable equivalent yield for an investor in the percent marginal tax bracketDo not round intermediate calculations. Round your answer to decimal places.
Equivalent taxable vield
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