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Yields of a Bond A 3.75 percent coupon municipal bond has 17 years left to maturity and has a price quote of 102.80. The bond

Yields of a BondA 3.75 percent coupon municipal bond has 17 years left to maturity and has a price quote of 102.80. The bond can be called in eight years. The call premium is one year of coupon payments. Compute and discuss the bonds current yield, yield to maturity, taxable equivalent yield (for an investor in the 30 percent marginal tax bracket), and yield to call. (Assume interest payments are semiannual and a par value of $10,000.)

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