Chamberlain Co. wants to issue new bonds for some much-needed expansion projects. The table below...
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Chamberlain Co. wants to issue new bonds for some much-needed expansion projects. The table below details the terms of the bonds that are currently outstanding. The company wishes to issue the new bonds with the same years to maturity as the current bonds. What coupon rate should the company set on its new bonds if it wants the new bonds to sell at par?
The answer is 5.60. How do you input the formula into excel?
M 30 6.00 rears to Marity Current Annual Coupon Rate coupons per year Fedemtion value of par Bond price of pari 6 7 100 106.00 . preterschoed to how your WORRENDE Type your romercial write the yellow bow Anweshould be to decimas 123 10 11 12 13 14 Coupon Rate on New Bonds
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