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Your company currently has $1,000 par, 6% coupon bonds with 10 years to maturity and a...

Your company currently has $1,000 par, 6% coupon bonds with 10 years to maturity and a price of $1,078. 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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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used.

jeff jeffy answered 5 months ago
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