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amberlain Company wants to issue new 1 3 - year bonds for some much - needed ansion projects. The company currently has 8 . 4

amberlain Company wants to issue new 13-year bonds for some much-needed ansion projects. The company currently has 8.4 percent coupon bonds on the ket that sell for $810.63, make semiannual payments, and mature in 13 years. What pon rate should the company set on its new bonds if it wants them to sell at par? ume a par value of $1,000.
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