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P7-19 Bond Yields (LO2] 24 Seether Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 11.0 percent coupon

P7-19 Bond Yields (LO2] 24 Seether Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 11.0 percent coupon bonds on the market that sell for $1,290.52, make semiannual payments, and mature in 19 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? 1 points References Multiple Choice 7.70% 8.00% 4.00% 7.90% 8.30%

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