Your company currently has $6\%$ coupon$-$rate bonds $($coupons are paid semi$-$annually$)$ with ten years to maturity and a

price of $$1090.$ 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.$)$

You need to set a coupon rate of

$\%.($Round to two decimal places.$)$