Warson Motors wants to raise $$2$ million by selling $20-$year coupon bonds at par. Comparable bonds in the market have a coupon

rate of $6\mathrm{.}3$ percent, semiannual payments, $20$ years to maturity, and are selling at $96\mathrm{.}5$ percent of par. What coupon rate should

Warson Motors set on its bonds?

$6\mathrm{.}25\%$

$6\mathrm{.}40\%$

$3\mathrm{.}31\%$

$6\mathrm{.}79\%$

$6\mathrm{.}62\%$