Business, 17.03.2020 04:26 alexvane78

Bonner Metals wants to issue new 20-year bonds. The company currently has 8.5 percent bonds on the market that sell for $994, make semiannual payments, and mature in 7 years. What should the coupon rate be on the new bonds if the firm wants to sell them at par?

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Bonner Metals wants to issue new 20-year bonds. The company currently has 8.5 percent bonds on the m...

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