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A 4 . 0 0 percent coupon municipal bond has 1 2 years left to maturity and has a price quote of 9 5 .

A 4.00 percent coupon municipal bond has 12 years left to maturity and has a price
quote of 95.55. The bond can be called in four years. The call premium is one year
of coupon payments. (Assume interest payments are semiannual and it has a par
value of $5,000.)
Compute the bond's current yield.
Compute the yield to maturity.
Compute the taxable equivalent yield (for an investor in the 30 percent marginal tax
bracket).
Compute the yield to call.
Note: Do not round intermediate calculations. Round your answer to 2 decimal
places.
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