2) You're an investment banker specializing in helping corporations issue bonds. A client firm wants to issue a five-year semi-annual coupon bond that has been rated Ba by Moody's. Currently, the average Ba bond has a credit spread of 250 basis points. The yield to maturity of five-year Treasury semi-annual coupon bonds is currently 1.9%. If you price these bonds at par, estimate the rate at which you would have to set the coupon.