Your company needs to raise $10 million by selling some coupon bonds at par value...
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Finance
Your company needs to raise $10 million by selling some coupon bonds at par value (which is $1000). Comparable bonds in the market have a 6.5 percent annual coupon, 20 years to maturity, and are selling at $1,055.22. What coupon rate should you set on your company bonds?
Group of answer choices
10.97 percent
7.25 percent
9.65 percent
8.23 percent
6.02 percent
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