What is the realized rate of return for those investors

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Five years ago, Midway Community Hospital issued 20-year municipal bonds with a 9 percent annual coupon rate. The bonds were called today for a $90 call premium – that is, bondholders received $1,090 for each bond. What is the realized rate of return for those investors who bought the bonds for $1,000 when they were issued?

Reference no: EM13947292

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