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Uliana Company wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 10 percent coupon bonds on the market that

Uliana Company wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 10 percent coupon bonds on the market that sell for $1,050, make semiannual payments, and mature in 19 years. Both bonds have a par value of $1,000. What coupon rate should the company set on its new bonds if it wants them to sell at par? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16

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