Expansion projects, What coupon rate should the company set

Expansion projects

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Reference no: EM131571671

Seether Co. wants to issue new 13-year bonds for some much-needed expansion projects. The company currently has 10.8 percent coupon bonds on the market that sell for $1,042.68, make semiannual payments, and mature in 13 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

Reference no: EM131571671

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