Question: ANSWER COMPLETELY SHOW ALL WORK, NO EXCEL ALLOWED. WILL LEAVE THUMBS UP IF CORRCT ANSWER 3. GagaSwift is planning to issue new 5-year semi-annual coupon

ANSWER COMPLETELY SHOW ALL WORK, NO EXCEL ALLOWED. WILL LEAVE THUMBS UP IF CORRCT ANSWER

3. GagaSwift is planning to issue new 5-year semi-annual coupon bonds. GagaSwift currently has 3.7% semi-annual coupon bonds outstanding maturing in 30 years. The market price for these bonds is currently $1,046.25. If the financial intermediaries wanted to the new bonds to sell at par at issuance, what coupon rate would these new bonds carry

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