A 425 percent coupon municipal bond has 13 years left to, Financial Management

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A 425 percent coupon municipal bond has 13 years left to

A 4.25 percent coupon municipal bond has 13 years left to maturity and has a price quote of 105.10. The bond can be called in eight years. The call premium is one year of coupon payments. (Assume interest payments are semiannual and a par value of $5,000.)

Compute the yield to call. (Round your answer to 2 decimal places.)

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Financial Management: A 425 percent coupon municipal bond has 13 years left to

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