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A 4.65 percent coupon municipal bond has 18 years left to maturity and has a price quote of 105.80. The bond can be called in

A 4.65 percent coupon municipal bond has 18 years left to maturity and has a price quote of 105.80. 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 call. (Round your answer to 2 decimal places.) Yield to call %

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