Chamberlain Co. wants to issue new 13-year bonds for some much-needed expansion projects. The company currently has 10.6 percent coupon bonds on the market that sell for $1,014.08, make semiannual payments, and mature in 13 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 5.48 Multiple Choice 10.40% 1070 Prey 12 0 30 Next >