Assume a municipal bond has 22 years until maturity and, Financial Management

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Assume a municipal bond has 22 years until maturity and

Assume a municipal bond has 22 years until maturity and sells for $5,265. It has a coupon rate of 4.20 percent and it can be called in 12 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.)

Yield to call:

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Financial Management: Assume a municipal bond has 22 years until maturity and

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Financial Management: Assume a municipal bond has 22 years until maturity and

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