Bonner Metals wants to issue new 18-year bonds for some much-needed expansionprojects. The company currently has 11

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Bonner Metals wants to issue new 18-year bonds for some much-needed expansionprojects. The company currently has 11 percent bonds on the market that sell for$1,459.51, make semiannual payments, and mature in 18 years. What should the couponrate be on the new bonds if the firm wants to sell them at par?

Posted Date: Jun 25, 2024 04:33 PM

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Bonner Metals wants to issue new 18-year bonds for some much-needed expansionprojects. The company currently has 11

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