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Your company currently has 5.25% coupon-rate bonds (coupons are paid sembannualy) with ten years to matunty and a price of 51080 . If you want

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Your company currently has 5.25% coupon-rate bonds (coupons are paid sembannualy) with ten years to matunty and a price of 51080 . 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 paryment is due in exactly 6 months) You need to set a coupon rate of \%. (Round to two decimal places.)

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