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Business, 20.10.2021 21:10 jb141553

A firm wants to issue bonds with a total face value of $46.6 million. The bonds will be coupon bonds with a maturity of 11 years. The firm estimates investors will require a yield-to-maturity of 6.2%. If the firm wants to issue the bonds to investors at par value, what should it select as its coupon rate? Enter your answer in decimal format showing four decimal places. That is, if your answer is 3.5%, enter .0350.

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A firm wants to issue bonds with a total face value of $46.6 million. The bonds will be coupon bonds...
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