Question: Seether wants to Issue new 12-year bonds for some much-needed expansion projecis. The company currently has 7.8 percent coupon bonds on the market that sell

Seether wants to Issue new 12-year bonds for some much-needed expansion projecis. The company currently has 7.8 percent coupon bonds on the market that sell for $ make semiannual payments , and mature in 12 years. What coupon rate (as a APR) should the company set on its new bonds if it wants them to sell at par? (Note: the yield to maturity of the old bonds can be used as the coupon rate for the new bonds. )
 Seether wants to Issue new 12-year bonds for some much-needed expansion
projecis. The company currently has 7.8 percent coupon bonds on the market
please help !!

Seether Co. wants to issue new 12-year bonds for some much-needed expansion projects. The company currently has 7.8 percent coupon bonds on the market that sell for $1134.04, make semiannual payments, and mature in 12 years. What coupon rate (as a APR) should the company set on its new bonds if it wants them to sell at par? (Note: the yield to maturity of the old bonds can be used as the coupon rate for the new bonds.) Multiple Choice 6.10% O 6.10% () 6.50% (0) 6.20% ( ) O 3.10% O 5.90%

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