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Please answer correctly! I only have one try. Thank you so much! Question 9 A company is contemplating issuing new 16-year bonds at par. The

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Please answer correctly! I only have one try. Thank you so much!

Question 9 A company is contemplating issuing new 16-year bonds at par. The company currently has 5.7 percent coupon bonds on the market selling for $948. The bonds pay semi-annual interest and have 16 years until maturity. What coupon rate should the company set on its new bonds? (Round answer to 2 decimal places, e.g. 15.25.) Coupon Rate

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