Problem $9$

Intro

Boeing has a bond outstanding with $15$ years to maturity, a $$1,000$ par value, a

coupon rate of $6\mathrm{.}7\%,$ with coupons paid semiannually, and a price of $104\mathrm{.}84$

$($percent of par$).$

Part $1$

If the company wants to issue a new bond with the same maturity at par, what

coupon rate should it choose?