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Business, 22.06.2019 12:20 KindaSmartPersonn

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

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Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company curren...
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