BA519 Chapter 8 i Saved Help Save & Exit Submit Check my work 6 Pembroke Co. wants to issue new 15-year bonds for some much-needed expansion projects. The company currently has 7 percent coupon bonds on the market that sell for $1,060, make semiannual payments, and mature in 15 years. 13.75 points What coupon rate should the company set on its new bonds if it wants them to sell at par? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Coupon rate % eBook Print References