Six years ago, Bradford Community Hospital issued 20-year municipal

Ask a New Question

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?

1 answer

7.94%

Similar Questions

Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest
1. 1 answer
Wachowicz Corporation issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today,
1. 2 answers
Grossnickle Corporation issued 30-year, noncallable, 8.5% annual coupon bonds at their par value of $1,000 one year ago. Today,
1. 1 answer
Freiburg Faucets Incorporated issued 20.00-year bonds 4.00 years ago with a coupon rate of 9.25% APR. The bonds pay semi-annual
1. 1 answer