Problem 7 Intro Boeing has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.6%, with coupons paid semiannually, and a price of 121.5. (Price is given as % of par value, so just multiply it by 10, before plugging as PV (in negative) Part 1 IB Attempt 1/50 for 10 pts. If the company wants to issue a new bond with the same maturity at par, what coupon rate should it choose? (Hint: the company should set the coupon rate of the new bond equal to the YTM of the current bond, in other words, calculate YTM). 4+ decimals Submit