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Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 9.0 percent coupon bonds on the market that

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Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 9.0 percent coupon bonds on the market that sell for $861.21. make semiannual payments, and mature in 17 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 Multiple Choice 5.40% 10.80% 1110% 10.70% 10.50%

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