It has a coupon rate of 410 percent and it can be called in


Assume a municipal bond has 16 years until maturity and sells for $5,240. It has a coupon rate of 4.10 percent and it can be called in 6 years. What is the yield to call if the call price is 105 percent of par?

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Financial Management: It has a coupon rate of 410 percent and it can be called in
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