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Your company currenty has S 1,000 par, 6.75% co p on bonds with 10 years to maturity and a price of $1,089. what coupon rate
Your company currenty has S 1,000 par, 6.75% co p on bonds with 10 years to maturity and a price of $1,089. what coupon rate do you need to set? Assume that for both bonds, the next coupon payment is due in exactly six months If you want to issue new 10-year coupon bonds at par You need to set a coupon rate of%. (Round to two decimal places.)
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