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A company has an outstanding bond on the market with 9 years to maturity, a 7% coupon, and sells for 91.25% of par. If the
A company has an outstanding bond on the market with 9 years to maturity, a 7% coupon, and sells for 91.25% of par. If the company wants to issue some new bonds today, and wants them to sell at par, what should they set the coupon rate at for the new issue?
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