Assume a municipal bond has 18 years until maturity and sells for $5,190. It has a coupon rate of 3.90 percent and it can be called in 8 years. What is the yield to call if the call price is 105 percent of par?
Yield to call = %
What is the single monthly mortality assuming the conditional prepayment rate is 6 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)
Single monthly mortality = %
