I need the solutions to this problem.

Seven years ago the Templeton Company issued 27 -year bonds with an 11% anhual coupon rate at their 41,000 par value. The bonds had a 5% call premiurn, with 5 years af cali protection. Today Tempteton called the bonds, compute the reolized rate of return for an ilivestor who purchased the bonds when they were issued and heid them until they were called Hound your answer to twa decimal plakes. Why shaid of thould not the investor the happy that Templeton called them? t. Investais should be hapoy. Since the bonds tiove been called, investors wa no longer need to coosider reirwesthint rate risk. 14. Investors shoild not be happy. Since the bonds have been called, interest rates must have falien sufficiently such that the vTc is less than the vim, af investans wiah to reinvest their interestrecepts, they must do so at lower interest rates. interest teceipts, ther can now do so at higher interest rates; Iv. Investors should be happy, Since the bonds bave been called, investors will receive a call premium and can declare a capial gain on their tax returna