Mathematics, 19.09.2020 01:01 dee6991
Seether Co. wants to issue new 11-year bonds for some much-needed expansion
projects. The company currently has 9.0 percent coupon bonds on the market that sell
for $1,185.62, make semiannual payments, and mature in 11 years. What coupon rate
should the company set on its new bonds if it wants them to sell at par?
Multiple Choice
6.90%
3.30%
6.30%
O
Answers: 2
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Seether Co. wants to issue new 11-year bonds for some much-needed expansion
projects. The company c...
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