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Problem 7-37 Yields of a Bond (LG7-6) A 2.90 percent coupon municipal bond has 13 years left to maturity and has a price quote of

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Problem 7-37 Yields of a Bond (LG7-6) A 2.90 percent coupon municipal bond has 13 years left to maturity and has a price quote of 96.55. 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. (Round your answer to 2 decimal places.) Current yield Compute the yield to maturity. (Round your answer to 2 decimal places.) Yield to maturity Compute the taxable equivalent yield (for an investor in the 35 percent marginal tax bracket). (Round your answer to 2 decimal places.) Equivalent taxable yield Compute the yield to call. (Round your answer to 2 decimal places.) Yield to call

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