Chamberlain Company wants to issue new 18-year bonds for some much-needed expansion projects. The company currently has 8.4 percent coupon bonds on the market that sell for $736.82, make semiannual payments, and mature in 18 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 12.30% 6.00% 12.00% 11.70% 11.90%