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Coupon rate should the company set

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Acme Co. wants to issue new 15-year bonds for some much-needed expansion projects. The company currently has 6% coupons bonds on the market that sell for $1,337, make semiannual payments, and mature in 15 yrs. What coupon rate should the company set on its new bonds if it wants them to sell at par? The bond has a face value of $1,000.

Reference no: EM131387786

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