Co. wants to issue new 10-year bonds for some muchneeded expansion projects. The company currently has 9

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Co. wants to issue new 10-year bonds for some muchneeded expansion projects. The company currently has 9 percent coupon bonds on the market that sell for \($1,165,\) make semiannual payments, and mature in 10 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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