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A 4.75 percent coupon municipal bond has 20 years left to maturity and has a price quote of 101.30 . The bond can be called
A 4.75 percent coupon municipal bond has 20 years left to maturity and has a price quote of 101.30 . 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. 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. Note: Do not round intermediate calculations. Round your answer to 2 decimal places
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