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Six years ago the Camargo Company issued 20 year bonds with a 14% annual coupon rate and $1,000 par value. Interest is paid annually. The

Six years ago the Camargo Company issued 20 year bonds with a 14% annual coupon rate and $1,000 par value. Interest is paid annually. The bonds had a 9% call premium with 5 years of call protection. Compute the realized rate of return for an investor who purchased the bonds when they were issued and held them until they were called today

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