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Please show your work Seether Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 7.2 percent coupon bonds
Please show your work
Seether Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 7.2 percent coupon bonds on the market that sell for $909.16, make semiannual payments, and mature in 17 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?
8.50%
4.10%
8.20%
7.90%
8.10%
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