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Chamberlain Company wants to issue new 18 -year bonds for some much-needed expansion projects. The company currently has 7.4 percent coupon bonds on the market
Chamberlain Company wants to issue new 18 -year bonds for some much-needed expansion projects. The company currently has 7.4 percent coupon bonds on the market that sell for $685.50, make semlannual payments, and mature in 18 years. What coupon rate should the company set on its new bonds if it wants them to soll at par? Assume a par value of $1,000. Muitple Ohoice 1150% 5.800 1190A
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