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  3. assume a municipal bond has 25 years until maturit

Assume a municipal bond has 25 years until maturity and sells for $5,565. It has...

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Accounting

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Assume a municipal bond has 25 years until maturity and sells for $5,565. It has a coupon rate of 5.40 percent and it can be called in 10 years. What is the yield to call if the call price is 110 percent of par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) & Answer is complete but not entirely correct. Yield to call 8.42 % x

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