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A company XYZ issued 3 0 year bonds with 1 0 % annual coupon rate at their par value of $ 1 0 0 0
A company XYZ issued year bonds with annual coupon rate at their par value of $ in The Bonds had a call premium, with years of call protection. Today XYZ called the bonds. Compute the realized rate of return for an investor who purchased the bonds when they were issued in Briefly explain why the investor should or should not be happy.
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