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Bodhi Co. is planning to issue new 19-year semi-annual bonds to purchase machinery. Bodhi currently has 8.2% semi-annual coupon bonds maturing in 19 years on

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Bodhi Co. is planning to issue new 19-year semi-annual bonds to purchase machinery. Bodhi currently has 8.2% semi-annual coupon bonds maturing in 19 years on the market selling for $1,148.09. What coupon rate would the company set on its new bonds for them to be sold at par? 7.09% 3.39% 6.79% 6.69% 6.49%

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