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Chamberlain Co. Wants to issue new 18 year bonds for some much-needed expansion projects. The company currently has 6% coupon Barnes on the market that
Chamberlain Co. Wants to issue new 18 year bonds for some much-needed expansion projects. The company currently has 6% coupon Barnes on the market that sell for $1055, big semi annual payments, immature and 18 years. What coupon rate sure the company set and its new bonds if it wants him to sell at par?
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