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Hagelin Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 10 percent coupon bonds on the market that sell for $1,050, make semiannual payments, and
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Hagelin Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 10 percent coupon bonds on the market that sell for $1,050, make semiannual payments, and mature in 19 years. Both bonds have a par value of $1,000. What coupon rate should the company set on its new bonds if it wants them to sell at par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

User Miikkas
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Wants To Issue New 19-year Bonds For Some Much-needed Expansion Projects. The Company Currently Has 10 Percent Coupon Bonds On The Market That Sell For $1,050, Make Semiannual Payments, And Mature In 19 Years. What Coupon Rate Should The Company Set On Its New Bonds If It Wants Them To Sell At ...lanation:

User Andrei V
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