) Eaglehawk Ltd is contemplating selling some 10-year bonds to raise funds for a planned expansion. Eaglehawk currently has an issue outstanding with an $8 annual coupon, paid semi-annually. These bonds currently sell for $93.49, a discount relative to their $100 face value, and they have 10 years remaining to maturity. What coupon rate must the new issue have if it is to sell at par when it is issued? [7 marks]