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bobs burgers wants to issue new 10-year bonds to fund its new investments. The company currently has 5 percent coupon bonds on the market that

bobs burgers wants to issue new 10-year bonds to fund its new investments. The company currently has 5 percent coupon bonds on the market that sell for $1,060. These bonds make semi-annual payments, and mature in 10 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

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