please do it in 15 minutes please urgently... I'll give you up thumb definitely

2. XYZ Co. plans to launch a new product in the market. To fund the investment in the new product, the firm plans to raise capital by issuing new bonds. The company already has a bond outstanding in the market and feels that the investors will use a similar discount rate for their new bond offering. The company's current bond has a maturity of 17 years, sells in the market for $918, has a par value of $1,000, and makes semi-annual payments with a 5.9% coupon rate. What discount rate should the company expect on its new bond offering