Your company currently has 1000 par 625 coupon bonds with, Financial Management

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Your company currently has 1000 par 625 coupon bonds with

Your company currently has $1,000 ?par, 6.25% coupon bonds with 10 years to maturity and a price of $1,089. 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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