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Chamberlain Company wants to issue new 2 0 - year bonds for some much - needed expansion projects. The company currently has 1 1 .
Chamberlain Company wants to issue new year bonds for some muchneeded expansion projects. The company currently has percent coupon bonds on the market that sell for $ make semiannual payments, and mature in years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Assume a par value of $
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