Question: Check My Work eBook Problem 5-11 Yield to Call and Realized Rates of Return Eight years ago, Goodwynn & Wolf Incorporated (G&W) sold a 29-year

Check My Work eBook Problem 5-11 Yield to Call and Realized

Check My Work eBook Problem 5-11 Yield to Call and Realized Rates of Return Eight years ago, Goodwynn & Wolf Incorporated (G&W) sold a 29-year bond issue with a 9% annual coupon rate and a 690 call premium. Today, G&W called the bonds. The bonds originally were sold at their face value of $1,000. Compute the realized rate of return for investors who purchased the bonds when they were issued and who surrender them today in exchange for the call price. Round your answer to two decimal places

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