Question: Question 13 (4 points) XZYY, Inc. currently has an issue of bonds outstanding that will mature in 16 years. The bonds have a face value

Question 13 (4 points) 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 13.0% with annual coupon payments. The bond is currently selling for $1,176. The bonds may be called in 3 years for 113.0% of the par value. What is your expected quoted annual rate of return if you buy the bonds and hold them until maturity? 11.72% 9.87% 10.66% 8.85% O 7.25%

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