Intro

Boeing has a bond outstanding with $15$ years to maturity, a $$1,000$ par value, a

coupon rate of $6\mathrm{.}2\%,$ with coupons paid semiannually, and a price of $87\mathrm{.}6$

$($percent of par$).$

Part $1$

Attempt $2/10$ for $10$ pts$.$

If the company wants to issue a new bond with the same maturity at par, what

coupon rate should it choose?