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Chamberlain Co. wants to issue new 20-year bonds for some much-needed expansion projects The company currently has 7 percent coupon bonds on the market that

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Chamberlain Co. wants to issue new 20-year bonds for some much-needed expansion projects The company currently has 7 percent coupon bonds on the market that sell for $1,083, make semiannual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Settlement date 1/1/2000 Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2020 7% 2 100 108.3 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer the bond price questions Yield to maturity

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