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Seven years ago the Tempieton Company issued 22 -year bonds with a 12% annual coupon rate at their $1,000 par value, The bonds had a

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Seven years ago the Tempieton Company issued 22 -year bonds with a 12% annual coupon rate at their $1,000 par value, The bonds had a 7% call premlume wath 5 years of call protection. Today Templeton called the bonds. Compute the realized rate of return for an investor who purchased the bonds when they were lssued and held them until they were called. Round your answer to two decimal places

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