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Business, 07.04.2020 22:24 kenzielema12

Warson Motors wants to raise $2 million by selling 20-year coupon bonds at par. Comparable bonds in the market have a coupon rate of 6.3 percent, semiannual payments, 20 years to maturity, and are selling at 6.5 percent of par. What coupon rate should Warson Motors set on its bonds?

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Warson Motors wants to raise $2 million by selling 20-year coupon bonds at par. Comparable bonds in...
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