(Answered) Your company currently has 1000 par 5 coupon bonds with 10

Finance

Your company currently has $1,000 ?par, 5% coupon bonds with 10 years to maturity and a price of $1,087. 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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