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A company has outstanding long-term bonds with a face value of $1,000, a 7% coupon, and a 9% yield to maturity. If the company were

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A company has outstanding long-term bonds with a face value of $1,000, a 7% coupon, and a 9% yield to maturity. If the company were to issue new debt, what is a reasonable estimate of the interest rate (ra) on that debt? O a. 5.7% b.7.0% O 0.9.0% d. 8.0% O e. 6.2%

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