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Assume a municipal bond has 2 8 years until maturity and sells for $ 5 , 3 4 0 . It has a coupon rate

Assume a municipal bond has 28 years until maturity and sells for $5,340. It has a coupon rate of 4.50 percent and it can be called in 8 years. What is the yield to call if the call price is 105 percent of par?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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