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34) A company wants to issue new 10-year, 51.000 face value bonds at par. The company currently has 7.15 percent coupon bonds on the market

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34) A company wants to issue new 10-year, 51.000 face value bonds at par. The company currently has 7.15 percent coupon bonds on the market that sell for 5983.74, make semiannual interest payments, and mature in 10 years. What coupon rate should the company set on its new bonds? antes perten fV pmt TI 1% DV 983.94

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