Chamberlain Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 10 percent c
oupon bonds on the market that sell for $1,050, make semiannual payments, and mature in 19 years. What coupon rate should the company set on its new bonds if it wants them to sell at par
1 answer:
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Answer:
3000
1500
Explanation:
For each of the answers in this question I have added the formulas to solve them in the attachment below
1.
(45-39)*5*100
= 3000
2.
(45-39)-3 x5 x100
= $1500
