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Assume a municipal bond has 20 years until maturity and sells for $5,215. It has a coupon rate of 4.00 percent and it can be
Assume a municipal bond has 20 years until maturity and sells for $5,215. It has a coupon rate of 4.00 percent and it can be called in 10 years. What is the yield to call if the call price is 105 percent of par?
Yield to call: %
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