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Business, 15.11.2019 23:31 wolfsaway

Lkm, inc. wants to issue new 20-year bonds for some much-needed expansion projects. the company currently has 6.5 percent coupon bonds on the market that sell for $972.78, make semiannual payments, and mature in 20 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

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Lkm, inc. wants to issue new 20-year bonds for some much-needed expansion projects. the company curr...
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