Business, 12.10.2019 00:30, mmelody5

Chamberlain co. wants to issue new 16-year bonds for some much-needed expansion projects. the company currently has 7 percent coupon bonds on the market that sell for $1,035, make semiannual payments, and mature in 16 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

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Chamberlain co. wants to issue new 16-year bonds for some much-needed expansion projects. the compan...