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Coccia Co wants to issue new 20 year bonds for some much neededexpansion projects The company currently has 8 percent coupon bondson the market that sell for $1075 make semiannual payments and

Coccia Co. wants to issue new 20-year bonds for some muchneededexpansion projects. The company currently has 8 percent coupon bondson the market that sell for $1,075, make semiannual payments, and mature in20 years. What coupon rate should the company set on its new bonds if it wantsthem to sell at par?

 

Apr 30 2020 View more View Less

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