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Omega Corporation plans to issue $ 2 0 0 million of bonds, and wants these bonds to sell for their $ 1 , 0 0

Omega Corporation plans to issue $200 million of bonds, and wants these bonds to sell for their $1,000 par value. Omega also has existing bonds maturing on March 12,2037, paying a 6.80% semi-annual coupon, and trading for $1,026.86 in the financial market. What should the coupon interest rate be on these new bonds to ensure Omega receives the $1,000 par value?
Group of answer choices
6.93%
6.80%
3.25%
6.49%
3.47%

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