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Cow Inc. is about to issue new 26-year semi-annual coupon bonds. The company already has 7.5% semi-annual coupon bonds outstanding with a remaining time to

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Cow Inc. is about to issue new 26-year semi-annual coupon bonds. The company already has 7.5% semi-annual coupon bonds outstanding with a remaining time to maturity of 26 years and a market price of $1,087.27. Assuming the new bonds will sell at par, what would their coupon rate have to be set at

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