Your company currently has 5.25% coupon-rate bonds (coupons are paid semi-annually) with ten years to maturity and a price of $1069. If you want to issue new 10-year coupon bonds at par, what coupon rate do you need to set? (Assume that for both bonds, the next coupon payment is due in exactly 6 months.) TER You need to set a coupon rate of 7%. (Round to two decimal places.)