What coupon rate should the company set on its new bonds if


BDJ Co. wants to issue new 21-year bonds for some much needed expansion projects. The company currently has 10.1 percent coupon bonds on the market that sell for $1,141, make semiannual payments, and mature in 21 years. What coupon rate should the company set on its new bonds if it wants to sell them at par?

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Finance Basics: What coupon rate should the company set on its new bonds if
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