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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
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 bond's current yield. (Do not round intermediate calculations, Round your answer to 2 decimal places.) Current yield Compute the yield to maturity. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity 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.) Equivalent taxable yield % Compute the yield to call (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call
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