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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 $ million of bonds, and wants these bonds to sell for their $ par value. Omega also has existing bonds maturing on March paying a semiannual coupon, and trading for $ in the financial market. What should the coupon interest rate be on these new bonds to ensure Omega receives the $ par value?
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