Bond Yields Chamberlain Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that sell for $1,087, make semiannual payments, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Input area: Settlement date Maturity date 1/1/2000 1/1/2020 Annual coupon rate 7.00% Coupons per year 2 Redemption value (% of par) Bond price (% of par) 100 108.70 Output area: Yield to maturity Complete the following analysis. Leave the "Basis" input blank in the function. You must use YIELD fx to answer this question for credit consideration.