Rates investors earn from owning bonds
A bond has a face value of:					400,000
It's annual coupon rate is:					4.7%
Originally, it had this many years until it matured:					22
Years since issuing the bond					3
Bonds can be called for					412,000
Original provision to delay calling bonds (in years)					10
Current price of bond					364,000
1. What annual rate of return would an investor earn if she held the bond
until it matured?
A Between 0.0% and 4.0%
B Between 4.0% and 5.0%
C Between 5.0% and 6.0%
D Between 6.0% and 9.0%