Seether Co. wants to issue new 10-year bonds for some much-needed expansion projects. The company currently has 8.6 percent coupon bonds on the market that sell for $1,176.89, make semiannual payments, and mature in 10 years. What coupon rate should the company set on its new bonds if it wants them to sell at par

3.10%

6.10%

6.50%

6.20%

5.90%

Answer rating: 100% (QA)

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