What coupon rate should the company set

Reference no: EM131943337

Question: BDJ Co. wants to issue new 21-year bonds for some much-needed expansion projects. The company currently has 9.1 percent coupon bonds on the market that sell for $1,131, make semiannual payments, have a $1,000 par value, and mature in 21 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate

Reference no: EM131943337

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What coupon rate should the company set : BDJ Co. wants to issue new 21-year bonds for some much-needed expansion projects. The company currently has 9.1 percent coupon bonds on the market that sell.

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