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Your company currently has 7 % coupon-rate bonds(coupons are paidsemi-annually) with ten years to maturity and a price of $ 1084 If you want to

Your company currently has 7 % coupon-rate bonds(coupons are paidsemi-annually) with ten years to maturity and a price of $ 1084 If you want to issue new10-year coupon bonds atpar, what coupon rate do you need toset? (Assume that for bothbonds, the next coupon payment is due in exactly 6months.). please round to 2 decimal places

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