What coupon rate should the company set on its new bonds

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Reference no: EM132061209

Seether Co. wants to issue new 11-year bonds for some much-needed expansion projects. The company currently has 7.2 percent coupon bonds on the market that sell for $711.00, make semiannual payments, and mature in 11 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

Reference no: EM132061209

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