XZYY, Inc. currently has an issue of bonds outstanding that will mature in 16 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 12.0% with annual coupon payments. The bond is currently selling for $920. The bonds may be called in 3 years for 112.0% of the par value. What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity?

Question 13 options:

12.05%

19.07%

13.23%

22.50%

24.41%

Again, Inc. bonds have a par value of $1,000, a 22 year maturity, and an annual coupon rate of 13.0% with annual coupon payments. The bonds are currently selling for $982. The bonds may be called in 3 years for 113.0% of par. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible?

Question 14 options:

11.88%

13.26%

19.21%

14.51%

17.48%

Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 17 years. The annual coupon rate is 14.0% with semi-annual coupon payments. The bonds are currently selling for $933. The bonds may be called in 5 years for 114.0% of par. What is the quoted annual yield-to-call for these bonds?

Question 15 options:

	16.32%
	21.08%
	17.93%
	7.55%
	15.10%