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6 years ago, Goodwynn & Wolf Incorporated sold a 30-year bond issue with a 8.00% coupon rate with semiannual payment and a 6% call premium.
6 years ago, Goodwynn & Wolf Incorporated sold a 30-year bond issue with a 8.00% coupon rate with semiannual payment and a 6% call premium. Today, G&W called the bonds. The bonds originally were sold at their face value of $1,000. Compute the realized return for investors who bought the bonds at issuance and sold the bonds at when the bond was called.
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