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Home Q & A Board Other Fields Homework Help Business Management
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mantparn mantparn
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7 years ago
Zheng Corporation plans to issue new bonds to finance its expansion plans. In its efforts to price the issue, Zheng Corporation has identified a company of similar risk with an outstanding bond issue that has an 8 percent coupon rate having a maturity of ten years. This firm's bonds are currently selling for $1,091.96. If interest is paid annually for both bonds, what must the coupon rate of the new bonds be in order for the issue to sell at par?
A) 5.78%
B) 6.88%
C) 6.50%
D) 6.71%
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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donnabandonnaban
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mantparn Author
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#2
6 years ago
Thanks again for helping me in my management class!
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