Assume a municipal bond has 18 years until maturity and


Assume a municipal bond has 18 years until maturity and sells for $5.640 It has a coupon rate of 5.70 percent and it can be called in 10 years. What is the yield to call if the call price is 110 percent of par?

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Financial Management: Assume a municipal bond has 18 years until maturity and
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