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Six years ago, 20 year municipal bonds with a 7% annual were issued. The bonds were called for a $70 call premium, the bondholders received

Six years ago, 20 year municipal bonds with a 7% annual were issued. The bonds were called for a $70 call premium, the bondholders received $1.070 for each bond. What is the realized rate of return for those investors who bought the bonds for $1000 when they were issued?

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