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Answer with use of Financial Calculator please Pembroke Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 7

Answer with use of Financial Calculator please

Pembroke Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that sell for $1,060, make semiannual payments, and mature in 19 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

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