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Question 19 (3.5 points) Saved XZYY, Inc. currently has an issue of bonds outstanding that will mature in 23 years. The bonds have a face

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Question 19 (3.5 points) Saved XZYY, Inc. currently has an issue of bonds outstanding that will mature in 23 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 20% with quarterly coupon payments. The bond is currently selling for $834. The bonds may be called in 6 years for 122% of par value. What is the quoted annual yield-to- maturity for these bonds? 27.25% 06.00% 25.53% 24.00% 42.03%

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