Dairy Delight wants to raise $1.4 million by selling 15-year coupon bonds at par. Comparable bonds in the market have a coupon rate of 5.4 percent, semiannual payments, 15 years to maturity, and are selling at 97.8 percent of par. What coupon rate should Dairy Delight set on its bonds?

5.17 percent

5.62 percent

5.40 percent

5.50 percent

5.25 percent