Assignment

Saver

Chatberian Compary wamts to bsue new $90$ year bonds for some muchinecded exarision projects. The company currenty thas $11\mathrm{.}0$ percent coupon bonds on the market that sell tor $51,203.85.$ make seritiannual paryments, and mature in $10$ years. Whal coupon rate should the compary set on ts new bonds if it wens them to sel at par? Assume a par value of $51,000.$

Muhple Croice

$800$

$790\%$

Prov.

$2$ of $8$

Naxd