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Chamberlain company wants to issue a new 12 year bonds for some much-needed expansion projects the company currently has 7.6% Coupon bonds on the market
Chamberlain company wants to issue a new 12 year bonds for some much-needed expansion projects the company currently has 7.6% Coupon bonds on the market that sells for $940.24 make semiannual payments and mature in 12 years what coupon rate should the company set on new bonds if it wants them to sell a at par? assume a par value of $1000
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