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A 4.50 percent coupon municipal bond has 18 years left to maturity and has a price quote of 102.20. The bond can be called in

A 4.50 percent coupon municipal bond has 18 years left to maturity and has a price quote of 102.20. 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 yield to maturity. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Compute the taxable equivalent yield (for an investor in the 35 percent marginal tax bracket). (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Compute the yield to call. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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