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RAH firm wants to issue new 20 year bonds for some projects. The bond has a coupon rate of 5.70% on the market and sells
RAH firm wants to issue new 20 year bonds for some projects. The bond has a coupon rate of 5.70% on the market and sells at $1,048, and it has a par of $1000, makes semiannual coupon payments. What coupon rate should the firm set on its new bond if it wants them to sell at par
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