Question
A municipal bond has 17 years until maturity and sells for $5,365. It has a coupon rate of 4.60 percent and it can be called
| A municipal bond has 17 years until maturity and sells for $5,365. It has a coupon rate of 4.60 percent and it can be called in 7 years. What is the yield to call if the call price is 105 percent of par? |
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Exploring Public Relations And Management Communication
Authors: Ralph Tench, Stephen Waddington
5th Edition
1292321741, 9781292321745
