Yield to call- five years ago wilson corporation sold a


Yield to Call- Five years ago, Wilson Corporation sold a 20-year bond issue with a 13% annual coupon rate and an 8% call premium. Today, they called the bonds. The bonds were originally sold at their face or par value of $1,000. Compute the realized rate of the return, I/Y, for an investor who purchased the bond when it was issued and who surrenders it today at the Call price. Show work.

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Financial Management: Yield to call- five years ago wilson corporation sold a
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