Business, 04.12.2019 00:31, bellaisbored202

The hot dog shack wants to raise $1.2 million by selling some coupon bonds at par. comparable bonds in the market have a 6.5 percent annual coupon, 15 years to maturity, and are selling at 97.687 percent of par. what coupon rate should the hot dog shack set on its bonds?

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The hot dog shack wants to raise $1.2 million by selling some coupon bonds at par. comparable bonds...