Business, 30.03.2020 20:24 haleylayne74

KING company wants to issue new 10-years bonds to finance some needed expansion. The company currently has an 8 percent coupon bond ($1,000 par value) on the market that sell for $1,080, make semiannual payments and mature in 10 years. What annual coupon rate should the company set on its new bonds if it wants them to sell at par? g

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KING company wants to issue new 10-years bonds to finance some needed expansion. The company current...

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