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you want to issue new ten-year semi-annual coupon bonds at par Your company current y has $1000 par 6.75% coupon rate, semi annual coupon bonds

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you want to issue new ten-year semi-annual coupon bonds at par Your company current y has $1000 par 6.75% coupon rate, semi annual coupon bonds with ten years o maturity and a price of $1086 what coupon rate do you need to set? Assume that for both bonds, the next coupon payment is due in exactly 6 months. You need to set a coupon rate of %. (Round to two decimal places)

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