Check My Work $(3$ remaining$)$ they were called. Round your answer to two decimal places.

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Why should or should not the investor be happy that Templeton called them? reinvest their interest receipts, they can now do so at higher interest rates.

II$.$ Investors should be happy. Since the bonds have been called, investors will receive a call premium and can declare a capital gain on their tax returns.

III. Investors should be happy. Since the bonds have been called, investors will no longer need to consider reinvestment rate risk. reinvest their interest receipts, they must do so at lower interest rates.

Check My Work $(3$ remaining$)$