Williams Industries has decided to borrow money by Issuing perpetual bonds with a coupon red 65 peront pas mal and a par value of $1,000. The 1-year interest rate is 6.5 percent. Next year, there's a 35 perceri probability that the will increase to 8 percent and a 65 percent probability that they will fall to 5 percent. I the company decides make the bord callable in one year, what coupon rate will be demanded by the bondholders for the bonds to sell at par Assume that he bora will be called if interest rates fall and that the call premium is equal to the annual coupon. O 5.00% 07.14% O 6.89% O 7.39%