Question: Make the answers clear and precise with the workings studying for exams!! Need the answer ASAP! P7-22 Bond Yields [LO2] Chamberlain Co. wants to issue

Make the answers clear and precise with the workings studying for exams!! Need the answer ASAP!

Need the answer ASAP! P7-22 Bond Yields [LO2] Chamberlain Co. wants to

P7-22 Bond Yields [LO2] Chamberlain Co. wants to issue new 13-year bonds for some much-needed expansion projects. The company currently has 8.4 percent coupon bonds on the market that sell for $940.05, 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. Multiple Choice 4.60% 9.10% 8.90% Multiple Choice O 4.60% O 9.10% O 8.90% O O 9.20% O 9.50%

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