themed chow 1.000 Wohlem with a way to the band there how the end there we unde Whether chatt 1. She has been in the follow the riche a Twith other they were 11. Since the bow White and that the VIENYTH they can do this in this colors will contacter the haben die onder six years ago the won Company 15-year bond with more 11.000 per value the one primirea Tuled to the real in whether when they were why we feltweede Why shtohet me how the Tamilton caled them The show. Since the best ben called states that such as the theme 1. Investors who bence the bonds have to call those that their rohYM os with to the theme mtesters the behov. Since the behave been calle Instore will premium andere on the 1. mesto show Since the bonds have been calents will no longer need to rent the aspete Tom Concand verband what the contenente como had the band when they were and them they were come to two why should then the storey Templeton led them I. not be contine the transvetom ales match the viewed with Investors should be see the borden beste eest tasust here in contuh hatte der Thor they will be the other Investors should be hoy, since the best will receive a comunand can declara captain meston should be happines the trave been led, testowo longer need to considerente Grade it Now Save & Continue Contact six years ago the Templeton Company oued 15-year bonds with a 15 annual coupon rate at their 51.000 par value. The bands had a 9 call premium, with 5 years of catt protection. Today Templeton called the bond. Compute the realized rate of return for an investor who purchased the bonds when they were asued and hold them until they were called. Round your answer to two decimal al places Why should or should not the investor be happy that Templeton called them? L. Investors should not be happy. Since the bonds have been called, interest rates must have fallen suficiently such that the YTC is less than the YTH. If investors wish to reinvest their interest receipts, they must do so at lower interest rates II. Investors should be happy. Since the bonds have been called, interest rates must have en sufficiently such that the YTC is greater than the YTM. If investors wish to reinvest their interest receipts, they can now do so at higher interest rates, III. Investors should be happy. Since the bonds have been called, investors will receive a call premium and can declare a capital gain on their tax returns. IV. Investors should be happy. Since the bonds have been called investors will no longer need to consider reinvestment rate risk. -Select Grade It Now Save & Continue Continue without saving