A 4.20 percent coupon municipal bond has 14 years left to maturity and has a price quote of 97.55. The bond can be called in four 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 (for an investor in the 36 percent marginal tax bracket).

Compute the yield to call.