Question 12 (4 points) Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 23 years. The bonds have an annual coupon rate of 13.0% with quarterly coupon payments. You would expect a quoted annual return of 8.0% if you purchased these bonds. What are the bonds worth to you? $5,610.50 $1,551.16 $635.67 $1,228.65 $1,523.92 Question 13 (4 points) XZYY, Inc. currently has an issue of bonds outstanding that will mature in 31 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 8.0% with annual coupon payments. The bond is currently selling for $1,084. The bonds may be called in 3 years for 108.0% of the par value. What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity? 6.07% 7.27% 8.03% 7.31% 4.97%