A firm pays $11\mathrm{.}8\%$ interest on current debt, what would be their interest rates on new bond issues?

$5\mathrm{.}9\%$

$11\mathrm{.}8\%$

$13\mathrm{.}2\%$

$19\mathrm{.}3\%$

$10\mathrm{.}4\%$