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Assume a municipal bond has 20 years until maturity and sells for $5,290. It has a coupon rate of 4.30 percent and it can be
Assume a municipal bond has 20 years until maturity and sells for $5,290. It has a coupon rate of 4.30 percent and it can be called in 5 years. What is the yield to call if the call price is 105 percent of par?
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