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Mod industries has 11% coupon bonds on market that selling at $987, pay interest semi annually and mature in 10 years. The company would like

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Mod industries has 11% coupon bonds on market that selling at $987, pay interest semi annually and mature in 10 years. The company would like to issue $2.25 million in new 20 years bonds. What coupon rate should be applied to new bonds if Mod industries wants to sell them at par?
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