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Assume a municipal bond has 19 years until maturity and sells for $5,465. It has a coupon rate of 5.00 percent and it can
Assume a municipal bond has 19 years until maturity and sells for $5,465. It has a coupon rate of 5.00 percent and it can be called in 9 years. What is the yield to call if the call price is 110 percent of par? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Yield to call 1 %
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