A municipal bond has 7 years until maturity and sells for


1. A municipal bond has 7 years until maturity and sells for $5,037. If the coupon rate on the bond is 4.99 percent, what is the yield to maturity?

2. A municipal bond has 19 years until maturity and sells for $5,465. It has a coupon rate of 5.00 percent and it can be called in 9 years. What is the yield to call if the call price is 110 percent of par?

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Financial Management: A municipal bond has 7 years until maturity and sells for
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