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A 3.90 percent coupon municipal bond has 12 years left to maturity and has a price quote of 102.70. The bond can be called in
A 3.90 percent coupon municipal bond has 12 years left to maturity and has a price quote of 102.70. 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 $5,000.) Compute the bonds current yield, Compute the yield to maturity, Compute the taxable equivalent yield, and Compute the yield to call. . (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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