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Chamberlain Company wants to issue new 11-year bonds for some much-needed expansion projects. The company currently has 11.4 percent coupon bonds on the market that

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Chamberlain Company wants to issue new 11-year bonds for some much-needed expansion projects. The company currently has 11.4 percent coupon bonds on the market that sell for $1,165.41. make semiannual payments, and mature in 11 years. What coupon rate should the comparny set on its new bonds if it wants them to sell at par? Assume a par value of $1.000. Multiple Choice 4.50% Multiple Chotce 4. 50? 900% 8 Tok 8.9076 93076

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