Providence redevelopment agency

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The Providence Redevelopment Agency currently has an A rates municipal bond outstanding, with a coupon rate of 5.00%, paid semi-annually, due to mature in eight years, and callable in 5 years (at a call price of $1,025). If the bond has a par value of $1,000 and is currently priced at $1,083, calculate:

  • The bond's current yield
  • the bond's yield to maturity
  • The bond's yield to call

Reference no: EM132481507

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