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A municipal bond has 28 years until maturity and sells for $5,490. It has a coupon rate of 5.10 percent and it can be called
A municipal bond has 28 years until maturity and sells for $5,490. It has a coupon rate of 5.10 percent and it can be called in 8 years. What is the yield to call if the call price is 110 percent of par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
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