Question 3 IBM wants to raise money via a bond issue. The debt capital markets' team is hearing from investors that they want to buy a premium bond. The investors are asking for a bond to be priced at a 110% level. The par bond for this issuance would have had a 5% yield and a 5% coupon. Its duration would be 20. What coupon would the premium bond need to be issued at? (Basic calculator needed...can use excel for calculator-like calculations if you want...no excel page) Question 3 IBM wants to raise money via a bond issue. The debt capital markets' team is hearing from investors that they want to buy a premium bond. The investors are asking for a bond to be priced at a 110% level. The par bond for this issuance would have had a 5% yield and a 5% coupon. Its duration would be 20. What coupon would the premium bond need to be issued at? (Basic calculator needed...can use excel for calculator-like calculations if you want...no excel page)