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Assume a municipal bond has 15 years until maturity and sells for $5,590. It has a coupon rate of 5.50 percent and it can be

Assume a municipal bond has 15 years until maturity and sells for $5,590. It has a coupon rate of 5.50 percent and it can be called in 5 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.)

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