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A 3.40 percent coupon municipal bond has 12 years left to maturity and has a price quote of 96.75. The bond can be called in

A 3.40 percent coupon municipal bond has 12 years left to maturity and has a price quote of 96.75. 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 30 percent marginal tax bracket). (Round your answer to 2 decimal places.)

Equivalent taxable yield %

Compute the yield to call. (Round your answer to 2 decimal places.)

Yield to call %

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