Chamberlain Company wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 10.4 percent coupon bonds on the market that sell for $983.78, make semiannual payments, and mature in 19 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 $1,000.10.90%

10.30% 10.60% 10.50% 5.30%