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Nickleback Fan Club wants to issue new 1 8 - year bonds for some much - needed expansion projects. The company currently has 1 1
Nickleback Fan Club wants to issue new year bonds for some muchneeded expansion projects. The company currently has percent bonds on the market that sell for $ make semiannual payments, and mature in years. What should the coupon rate be on the new bonds if the firm wants to sell them at par?
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