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XZYY , Inc. currently has an issue of bonds outstanding that will mature in 3 4 years. The bonds have a face value of $
XZYY Inc. currently has an issue of bonds outstanding that will mature in years. The bonds have a face value of $ and a stated annual coupon rate of with annual coupon payments. The bond is currently selling for $ The bonds may be called in years for of par value. What is your expected quoted annual rate of return if you buy the bonds and the company calls them when possible?
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