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Assume you have the following information for a municipal bond on November 6, 2020: Price Coupon (%) Maturity Fitch Ratings 105.112 4.675 Jan. 1, 2034
- Assume you have the following information for a municipal bond on November 6, 2020:
| Price | Coupon (%) | Maturity | Fitch Ratings |
| 105.112 | 4.675 | Jan. 1, 2034 | AAA |
- Calculate the Yield to Maturity of the municipal bond. (7 points)
- Calculate the taxable equivalent yield of this bond, assuming the tax rate is 25%. (6 points)
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
