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A company wants to issue new 25-year bonds to raise capital. Currently, the company has 7% coupon bonds on the market that make semi-annual payments,

A company wants to issue new 25-year bonds to raise capital. Currently, the company has 7% coupon bonds on the market that make semi-annual payments, have a 6% YTM, and mature in 25 years. What coupon rate should the company set on its new bonds if it wants them to sell at par value?

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