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i need help Assume a municipal bond has 16 years until maturity and sells for $5,615. It has a coupon rate of 5.60 percent and
i need help
Assume a municipal bond has 16 years until maturity and sells for $5,615. It has a coupon rate of 5.60 percent and it can be called in 6 years. What is the yield to call if the call price is 110 percent of par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Step by Step Solution
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