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Dr. Faulk's Outdoor Market wants to raise $2 million by selling 20-year coupon bonds at par. Comparable bonds in the market have a coupon rate of 6.3 percent, semiannual payments, 20 years to maturity, and are selling at 96.5 percent of par. What coupon rate should the company set on its bonds
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Dr. Faulk's Outdoor Market wants to raise $2 million by selling 20-year coupon bonds at par. Compara...
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