Question 7 10 pts XYZ Corp issued a $1,000 face value 30-year fixed coupon bond 20 years ago with a coupon rate of 6.30%. Currently, this bond is trading at $1,044.80 with a current yield of 6.03% and yield-to-maturity of 5.70%. Since XYZ Corp needs funding for a new project it intends to issue a new 10-year bond and would like to price it at par when the new bond is issued. What should be the coupon rate of this new bond in order for it to be priced at par? 3.81% 5.70% 06.30% 6.03% Previous Next >