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The Hot Dog Shack wants to raise $ 1 . 2 million by selling some coupon bonds at par. Comparable bonds in the market have
The Hot Dog Shack wants to raise $ million by selling some coupon bonds at par. Comparable bonds in the market have a percent annual coupon, years to maturity, and are selling at percent of par. What coupon rate should The Hot Dog Shack set on its bonds? assume annual compounding
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