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Your firm currently has a $1000 par, 8% semi-annual coupon bonds with 15 years to maturity and a price of $1164. If you want to

Your firm currently has a $1000 par, 8% semi-annual coupon bonds with 15 years to maturity and a price of $1164. If you want to issue new 15 year bonds, what coupon rate do you need to set in order to sell the bonds at par value?

3.15%

6.29%

6.72%

8.00%

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