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Business, 06.11.2019 20:31 josie6471

A4.30 percent coupon municipal bond has 15 years left to maturity and has a price quote of 97.85. 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

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