Travel Pick would like to issue some 10-year, semiannual coupon bonds at par. Comparable 10-year bonds sells for 101 percent of par and have a 8.50 percent coupon rate. What coupon rate should Travel Pick set on its bonds? 8.50 percent 9.50 percent 8.35 percent To sell bonds at par, the coupon rate must be set equal to the yield to maturity on comparable bonds. 9.16 percent 4.18 percent

Travel Pick would like to issue some 10 -year, semiannual coupon bonds at par. Comparable 10-year bonds sells for 101 percent of par and have a 8.50 percent coupon rate. What coupon rate should Travel Pick set on its bonds? 8.50 percent 9.50 percent 8.35 percent To sell bonds at par, the coupon rate must be set equal to the yield to maturity on comparable bonds. 9.16 percent 4.18 percent