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bonner Matels wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 11 percent bonds on the market that...

bonner Matels wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 11 percent bonds on the market that sell for $1459.51, make semiannual payments, and mature in 18 years. what should the coupon rate be on the new bonds if the firm wants to sell them at par?

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Finance-8196511.xls

Question: Solution: Bonner Matels wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 11 percent bonds
on the market that sell for $1459.51, make...

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