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Please help me the following question with a clear answer. Thank you Question 8 Your company currently has 5% coupon-rate bonds (coupons are paid semi-annually)

Please help me the following question with a clear answer. Thank you

Question 8

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Your company currently has 5% coupon-rate bonds (coupons are paid semi-annually) with ten years to maturity and a price of $1090. If you want to issue new 10-year coupon bonds at par, what coupon rate do you need to set? (Assume that for both bonds, the next coupon payment is due in exactly 6 months.) You need to set a coupon rate of %. (Round to two decimal places.)

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