Chamberlain Company wants to issue new 14-year bonds for some much-needed expansion projects. The company currently has 11.6 percent coupon bonds on the market that sell for $1,406.34, 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 7.30% es 6.90% 7.00% 6.70% 3.50%