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UDMA Electronics is considering a new 3 0 - year bond issue. The company currently has 8 . 2 % coupon bonds on the market
UDMA Electronics is considering a new year bond issue. The company currently has coupon bonds on the market that sell for $ that mature in years and pay semiannual payments. Both the existing bonds as well as the new bonds have a par value of $ What coupon rate should the new bonds have if the company wishes to sell them at par?
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