Chamberlain Co. wants to issue new 17-year bonds for some much-needed expansion projects. The company currently has 7.0 percent coupon bonds on the market that sell for $827.53, make semiannual payments, and mature in 17 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 8.70% 9.00% 9.30% 8.90% 4.50%