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17. Ten years ago the UT Company issued 25-year bonds with an 11% annual coupon rate at its $1,000 par value. The bonds had aPlease Show Work.

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Answer #1

here par value is $1000

The bonds a 8% call premium

it had 4 year of call protection

annual coupon rate is 11%

The realized rate of return is=8.45%

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