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.)

1. Compute the bond's current yield.(Round your answer to 2 decimal places.)
2. Compute the yield to maturity.(Round your answer to 2 decimal places.)

3. Compute the taxable equivalent yield (for an investor in the 35 percent marginal tax bracket).

(Round your answer to 2 decimal places.)

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