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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 bond

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