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Again , inc. bonds have a par value of $1000, a 38 year maturity, and an annual coupon rate of 8.0% with annual coupon payments.

Again , inc. bonds have a par value of $1000, a 38 year maturity, and an annual coupon rate of 8.0% with annual coupon payments. The bonds are currently selling for $1,037. The bonds may be called in 3 years for 108.0% of pat. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible

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