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Your company plans to issue 18-year bonds to expand its business. Currently, in the bond market, bonds with similar credit ratings (coupon interest rates of

Your company plans to issue 18-year bonds to expand its business. Currently, in the bond market, bonds with similar credit ratings (coupon interest rates of 11%, interest payments every half year, $1,000) are traded at $1,459.51. What coupon rate should I set if I want to sell the new bond for $1,000 equal to its face value?

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