value 8.18 points Chamberlain Co. wants to issue new 19-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that sell for $1,060, make semiannual payments, and mature in 19 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate References eBook &Resources Worksheet Learning Objective: 07-02 Bond values and yields and why they fluctuate Difficulty: Intermediate Section: 7.1 Bonds and Bond Valuation Check my work