Bdj co wants to issue new 21-year bonds for some, Ask an Expert

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BDJ Co. wants to issue new 21-year bonds for some much-needed expansion projects. The company currently has 9.1 percent coupon bonds on the market that sell for $1,131, make semiannual payments, and mature in 21 years.

Required:
What coupon rate should the company set on its new bonds if it wants them to sell at par?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9906315

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