Realized rate of return


Six years ago, Bradford Community Hospital issued 20 year municipal bonds with a 7% annual coupon rate. The bonds are called today for a $70 call premium - that is, bondholders received $1,070 for each bond. What is the realized rate of return for those investors who bought the bonds for $1,000 when they were issued?

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Finance Basics: Realized rate of return
Reference No:- TGS049999

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