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Anderson Inc. previously issued bonds that will mature in 30 years and which carry a 12% coupon rate that is paid semiannually. Currently these bonds

Anderson Inc. previously issued bonds that will mature in 30 years and which carry a 12% coupon rate that is paid semiannually. Currently these bonds sell for $1375.00. Assuming that interest rates in the general economy are expected to change little in the near term, what s the best estimate of the interest rate that Anderson would have to offer as a part of a new bond issue

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