5.Suppose a perpetual, annual coupon payable bond. Current interest rate is 10%. Next year, there is a 40% probability that interest rates will increase to 12%, and there is a 60% probability that interest rates will fall to 8%. The bond is callable if the price of the bond is at 20% high from the par. Assume that if interest rates fall the bond will be called.If the bond sells at par, what should be the coupon rate?