What is the equivalent taxable yield on the bond

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Reference no: EM131977936

1. A tax free municipal bond a yield of 2.34%. what is the equivalent taxable yield on the bond given a 28% tax bracket?

2. You bought a 11-year, 09.40% semi-annual coupon today and a current market rate of return is 08.90%. The bond is callable in 7 years with a $90 call premium. What price did you pay for your bond?

3. What is the price of a $1,000 par value, 7 year, annual coupon bond with a 12.00% coupon rate and a yield to maturity of 05.00%?

Reference no: EM131977936

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