Chamberlain Co. wants to issue new 12-year bonds for some much-needed expansion projects. The company currently has 9.6 percent coupon bonds on the market that sell for $1,073.95, make semiannual payments, and mature in 12 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Assume a par value of $1,000. Multiple Choice 4.30% 8.30% 8.60% 8.50% 8.90%