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Your compary ourrentiy has 51,000 par, 5.5% coupon bonds with 10 years to maturity and a price of $1.084. If you want to issue new

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Your compary ourrentiy has 51,000 par, 5.5% coupon bonds with 10 years to maturity and a price of $1.084. If you want to issue new 10 year coupon bonds at par, what coupon rale do you need to set? Assume that for both bonds, the nex coupon payment is due in exactly six moriths. You need to set at coupon rate of 4. (Round to two decimal placet)

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