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Your company currently has $1000 par, 6% coupon bonds with ten years to maturity and a price of $1084. If you want to issue new
Your company currently has $1000 par, 6% coupon bonds with ten years to maturity and a price of $1084. If you want to issue new ten-year coupon bonds at par, what coupon rate do you need to set? Assume that for both bonds, the next coupon payment is due in exactly 6 months.
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