The X Corporation is planning to raise $15 Million by selling 10 year bonds. The bond rating agency has advised the company that the bonds will have an A rating. Currently, the difference between the yield to maturity of the A-rated corporate bonds over similar-maturity Government of Canada bonds is 150 basis points. If the 10 year Canada bonds are currently priced to yield 5%, what coupon rate should X Corporation offer if its bonds are to sell at par value?