Question: 2 0 . Bond Yields ( LO 2 ) Airbutus Co . wants to issue new 2 0 - year bonds for some much -

20. Bond Yields (LO2) Airbutus Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8% coupon bonds on the market that sell for $930, make semiannual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par?

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