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A 4.40 percent coupon municipal bond has 10 years left to maturity and has a price...

A 4.40 percent coupon municipal bond has 10 years left to maturity and has a price quote of 97.95. 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. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Compute the yield to maturity. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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jeff jeffy answered 1 year ago
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