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Part $1$

Your company currently has $ $1$ comma $000$par$,7\%$ coupon bonds with $10$ years to maturity and a price of $ $1$ comma $072.$ If you want to issue new$10-$year coupon bonds at$$ par, what coupon rate do you need to$$ set? Assume that for both$$ bonds, the next coupon payment is due in exactly six months.