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7. Darden Restaurants Inc. wants to issue 15-year bonds in the U.S. for some new expansion projects. The company currently has 8% semiannual coupon bonds
7. Darden Restaurants Inc. wants to issue 15-year bonds in the U.S. for some new expansion projects. The company currently has 8% semiannual coupon bonds outstanding that mature in 15 years and are trading in the market at 105.8532. What coupon rate should Darden set on its new bonds if it wants to sell them at par
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