Business
Business, 12.06.2020 17:57, sin91

Your company currently has $ 1 comma 000$1,000 par, 5.25 %5.25% coupon bonds with 10 years to maturity and a price of $ 1 comma 077$1,077. 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 six months.

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Your company currently has $ 1 comma 000$1,000 par, 5.25 %5.25% coupon bonds with 10 years to maturi...

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