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Your company currently has $1.000 par, 6.75% coupon bonda with 10 years to maturity and a price of $1,071 if you want to issue new

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Your company currently has $1.000 par, 6.75% coupon bonda with 10 years to maturity and a price of $1,071 if you want to issue new 10 -year coupon bonds at par, what coupon tate do you need to sot? Assurse that far bote bonds, the next coupon payment is due in exactly six months: You need to set a coupon rate of (Round to two decimal placen )

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