Coupon rate must bonds offer in order to sell at face value

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Reference no: EM131010892

General Matter’s outstanding bond issue has a coupon rate of 8.2%, and it sells at a yield to maturity of 7.25%. The firm wishes to issue additional bonds to the public at face value. What coupon rate must the new bonds offer in order to sell at face value?

Reference no: EM131010892

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