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Again, Inc. bonds have a par value of $1,000, a 29 year maturity, and an annual coupon rate of 12.0% with annual coupon payments. The
Again, Inc. bonds have a par value of $1,000, a 29 year maturity, and an annual coupon rate of 12.0% with annual coupon payments. The bonds are currently selling for $1,177. The bonds may be called in 6 years for 112.0% of par. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible? O 11.91%
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