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Boeing has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.8%, with coupons paid semiannually, and a

Boeing has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.8%, with coupons paid semiannually, and a price of 98.16 (percent of par).

If the company wants to issue a new bond with the same maturity at par, what coupon rate should it choose?

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