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Chamberlain Co. wants to issue new 11-year bonds for some much-needed expansi projects. The company currently has 7.4 percent coupon bonds on the market that

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Chamberlain Co. wants to issue new 11-year bonds for some much-needed expansi projects. The company currently has 7.4 percent coupon bonds on the market that for $817.39, make semiannual payments, and mature in 11 years. What coupon should the company set on its new bonds if it wants them to sell at par? Assume a value of $1,000. Multiple Choice 9.90% 10.20% 5.10% 10.10% 10.50%

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