Question: 3 points Proctoring Enabled: MIDTERM SUMMER 2022 Saved 16 Chamberlain Company wants to issue new 13-year bonds for some much-needed expansion projects. The company

3 points Proctoring Enabled: MIDTERM SUMMER 2022 Saved 16 Chamberlain Company wants

3 points Proctoring Enabled: MIDTERM SUMMER 2022 Saved 16 Chamberlain Company wants to issue new 13-year bonds for some much-needed expansion projects. The company currently has 8.8 percent coupon bonds on the market that sell for $1,080.79, make semiannual payments, and mature in 13 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Assume a par value of $1,000. 01:27:25 Multiple Choice ools D 3.90% 7.70% 7.50% 8.10%

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