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September 16, 2014

Homework Help: Finance

Posted by Ashley on Monday, May 7, 2012 at 12:48pm.

Six years ago, Bradford Community Hospital issued 20-year municipal bonds with a 7% annual coupon rate. The bonds were 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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