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A 3.20 percent coupon municipal bond has 10 years left to maturity and has a price quote of 96.45. The band can be called in

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A 3.20 percent coupon municipal bond has 10 years left to maturity and has a price quote of 96.45. The band 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 bond's current yield. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current yield 3.32% Compute the yleld to maturity. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity 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.) Equivalent taxable yield % Compute the yield to call. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call %

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