XZYY, Inc, currently has an issue of bonds outstanding that will mature in 40 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 8% with annual coupon payments. The bond is currently selling for $837. The bonds may be called in 5 years for 111% of par value. What is your expected quoted annual rate of return if you buy the bonds and the company calls them when possible? 14.45% 9.61% 15.88% 11.99% 9.83% 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 20% with annual coupon payments. The bond is currently selling for $888. The bonds may be called in 6 years for 122% of par value. What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity? 25.78% 22.60% 20.59% 30.42% 33.00% XZYY, Inc. currently has an issue of bonds outstanding that will mature in 35 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 17% with semi-annual coupon payments. The bond is currently selling for $1115. The bonds may be called in 4 years for 121% of par value. What is the quoted annual yield-tocall for these bonds assuming the company calls the bonds as soon as possible? \begin{tabular}{|c|} \hline 16.82% \\ \hline 18.20% \\ \hline 16.50% \\ \hline 7.62% \\ \hline 15.24% \\ \hline \end{tabular}