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BDJ Co. wants to issue new 21-year bonds for some much-ne payments, have a $1,000 par value, and mature in 21 years. eeded EApansion projects.

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BDJ Co. wants to issue new 21-year bonds for some much-ne payments, have a $1,000 par value, and mature in 21 years. eeded EApansion projects. The company currently has 9 1 percent coupon bonds on the market that sell for $1,131, make semiannual What coupon rate should the company set on its new bonds if t wants them to sell at par? (Do not round intermediate calculations and e places, e.g., 32.16.) as a percent rounded to 2 decimal Coupon rate

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