P7-22 Bond Yields [LO2] Chamberlain Co. wants to issue new 11-year bonds for some much-needed expansion projects. The company currently has 11.4 percent coupon bonds on the market that sell for $1.064.63, make semiannual payments, and mature in 11 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 Multiple Choice 10.70% SEO 10.10%