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Problem 18-13 Yield to Call (LO3, CFA5) Assume a municipal bond has 17 years until maturity and sells for $5,365. It has a coupon rate

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Problem 18-13 Yield to Call (LO3, CFA5) Assume a municipal bond has 17 years until maturity and sells for $5,365. It has a coupon rate of 4.60 percent and it can be called in 7 years. What is the yield to call if the call price is 105 percent of par? (Do not round intermediate calculations Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Yield to call 18.91 %

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