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XZYY, Inc. currently has an issue of bonds outstanding that will mature in 25 years. The...

XZYY, Inc. currently has an issue of bonds outstanding that will mature in 25 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 12.0% with annual coupon payments. The bond is currently selling for $959. The bonds may be called in 4 years for 112.0% of the par value. What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity?

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jeff jeffy answered 7 months ago
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