Chamberlain Co. wants to issue new 14-year bonds for some much-needed expansion projects. The company currently has 10.4 percent coupon bonds on the market that sell for $1,162.85, make semiannual payments, and mature in 14 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 O 8.70% 8.30% 8.10% 4.20% 8,40% McConnell Corporation has bonds on the market with 13 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,176.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple, Choice 13.68% 27.23% 11.55% 13.58% 23.14%