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Finance Assignment | Top Essay Writing

5.8 BDJ Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 10 percent coupon bonds on the market that sell for $1,012.13, make semiannual payments, mature in 20 years, and have a YTM of 9.86%. What coupon rate should the company set on its new bonds if it wants them to sell at par? Get Finance homework help today
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