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Problem 7 - 3 7 Yields of a Bond ( LG 7 - 6 ) A 3 . 7 0 percent coupon municipal bond has

Problem 7-37 Yields of a Bond (LG7-6)
A 3.70 percent coupon municipal bond has 15 years left to maturity and has a price quote of 95.65. The bond can be called in four years. The call premium is one year of coupon payments. (Assume interest payments are semiannual and a par value of $5,000.)
Compute the bond's current yield. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Current yield
%
Compute the yield to maturity. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Yield to maturity
%
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