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a 3.95 percent coupon municipal bond has 16 years left to maturity and has a price quote of 105.60. The bond can be called in
a 3.95 percent coupon municipal bond has 16 years left to maturity and has a price quote of 105.60. 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 yields to maturity?
Compute the taxable equivalent yield (for an investor in the 35 percent marginal tax bracket)
Compute the yield to call
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