Assume a municipal bond has 21 years until maturity and, Ask an Expert

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Assume a municipal bond has 21 years until maturity and sells for $5,165. It has a coupon rate of 3.80 percent and it can be called in 11 years. What is the yield to call if the call price is 105 percent of par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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Financial Management, Finance

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