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Your company currently has $1000 ​par, 5.25 % coupon bonds with 10 years to maturity and...

Your company currently has $1000 ​par, 5.25 % coupon bonds with 10 years to maturity and a price of $ 1080. If you want to issue new​ 10-year coupon bonds at​ par, what coupon rate do you need to​ set? Assume that for both​ bonds, the next coupon payment is due in exactly six months.

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