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Lululemon plans to expand its operations in Asia. To fund this expansion, the Company issues a $450,000, 4% coupon, maturing in 6 years. Coupons

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Lululemon plans to expand its operations in Asia. To fund this expansion, the Company issues a $450,000, 4% coupon, maturing in 6 years. Coupons are paid semiannually. The bonds are issued at 90. 1. (2 points) What is the current market interest rate at the time of bond issue?

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