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XYZ Co. Wants to issue new 25-year bonds for some much needed expansion projects. The company currently has 4.9% coupon bonds on the market that

XYZ Co. Wants to issue new 25-year bonds for some much needed expansion projects. The company currently has 4.9% coupon bonds on the market that sell for $1123, make semiannual payments, have a $1000 par value, and mature in 19 years. What coupon rate should the company set on its new bonds if it wants to sell them at par? (Solve using Calculator)

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