You need to set coupon rate of nothing

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Reference no: EM131989680

Your company currently has 5.75 % ?coupon-rate bonds? (coupons are paid? semi-annually) with ten years to maturity and a price of $ 1071. If you want to issue new? 10-year coupon bonds at? par, what coupon rate do you need to? set? (Assume that for both? bonds, the next coupon payment is due in exactly 6? months.)

You need to set a coupon rate of nothing __ ?% ? (Round to two decimal? places.)

Reference no: EM131989680

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