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Breach Candy wants to issue new 16-year debt. Breach Candy has already issued debt with 9.2 percent coupon interest, priced at $983.62, These bonds pay

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Breach Candy wants to issue new 16-year debt. Breach Candy has already issued debt with 9.2 percent coupon interest, priced at $983.62, These bonds pay interest twice a year and their time to maturity is 16 years. If Breach Candy wants to sell the new debt at par and assuming a par value of $1,000 what coupon interest rate should Breach Candy set on its new debt

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