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Seether Co. wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 8.2 percent coupon bonds on the market that
Seether Co. wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 8.2 percent coupon bonds on the market that sell for $1,018.91, make semiannual payments, and mature in 18 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? rev: 09_18_2012 8.00% 4.00% 7.90% 8.30% 7.70%
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