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Problem 18-13 Yield to Call (LO3, CFA5) Assume a municipal bond has 16 years until maturity and sells for $5,140. It has a coupon rate
Problem 18-13 Yield to Call (LO3, CFA5) Assume a municipal bond has 16 years until maturity and sells for $5,140. It has a coupon rate of 3.70 percent and it can be called in 6 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.) Yield to call
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