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Your company wants to issue new 25-year bonds for some much needed expansion projects. You currently have 7.80% coupon bonds on the market that sells

Your company wants to issue new 25-year bonds for some much needed expansion projects. You currently have 7.80% coupon bonds on the market that sells for $1,125, make semiannual payments, and mature in 20 years. What coupon rate should you set on the new bonds if you want them to sell at par value?

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