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Warson Motors wants to raisw $2 million by selling 20 year coupon bonds at par. Comparable bonds in the maket have a coupon rate of
Warson Motors wants to raisw $2 million by selling 20 year coupon bonds at par. Comparable bonds in the maket have a coupon rate of 6.3 percent, semiannual payments, 20 years to maturity , and are selling at 96.5 percent of par. What coupon rate
should Warson Motors set on its bonds?
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International Financial Management
Authors: Jeff Madura, Roland Fox
4th Edition
147372550X, 9781473725508
