Business, 25.02.2020 22:15 tyneshiajones124

Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 9 percent coupon bonds on the market that sell for $1,070, make semiannual payments, and mature in 17 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

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Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The compan...

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