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XZYY, Inc. currently has an issue of bonds outstanding that will mature in 18 years. The bonds have a face value of $1,000 and a

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XZYY, Inc. currently has an issue of bonds outstanding that will mature in 18 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 10% with annual coupon payments. The bond is currently selling for $831. The bonds may be called in 6 years for 113% of par value. What is your expected quoted annual rate of return if you buy the bonds and the company calls them when possible? 17.63% 12.38% 16.04% O 13.31% 10.91%

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