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Seether Co. wants to Issue new 20-year bonds for some much-needed expansion projects. The company currently has 10.8 percent coupon bonds on the market that

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Seether Co. wants to Issue new 20-year bonds for some much-needed expansion projects. The company currently has 10.8 percent coupon bonds on the market that sell for $1,352.04, make semiannual and mature in 20 years. What coupon rate should the company set on its new bonds If It wants them to sell at par? 710% 7.30% 0 3.70% 740% 770%

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