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The company currently has 95 coupon rate bonds that sell

SAC Metals wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 9.5% coupon rate bonds that sell for $988, make semi-annual payments, and mature in 20 years. What should the coupon rate be on the new bonds?

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Finance Basics: The company currently has 95 coupon rate bonds that sell

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Finance Basics: The company currently has 95 coupon rate bonds that sell

Reference No:- TGS02829324

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