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Honey Badger Inc wants to issue new 20-year, $1,000 face value bonds at par. The company currently has 6.35 percent coupon bonds on the

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Honey Badger Inc wants to issue new 20-year, $1,000 face value bonds at par. The company currently has 6.35 percent coupon bonds on the market that sell for $933,20, make semiannual interest payments, and mature in 20 years. What coupon rate should the company set on its new bonds? 6.97 percent 6.74 percent 6.50 percent 6.37 percent 6.58 percent

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