Please use Excel for this!

Chamberlain Company wants to issue new 16 -year bonds for some much-needed expansion projects. The company currently has 7.2 percent coupon bonds on the market that sell for $740.69, make semiannual payments, and mature in 16 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 10.60% 10.90% \begin{tabular}{l} 10.90% \\ 10.30% \\ 5.30% \\ \hline 10.50% \end{tabular}