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Chamberlain Co. wants to issue new 15-year bonds for some much-needed expansion projects. The company currently has 9.6 percent coupon bonds on the market that

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Chamberlain Co. wants to issue new 15-year bonds for some much-needed expansion projects. The company currently has 9.6 percent coupon bonds on the market that sell for $885.00, make semiannual payments, and mature in 15 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Assume a par value of $1,000 2 Multiple Choice 10.90% 11.10% 11.50% 11.20% 21 Multiple Choice 01:06:40 10.90% 11.10% O 11.50% 11.20% 5.60%

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