Question: If Circular File (see previous problem: A 6-year Circular File bond pays interest of $80 annually and sells for $950. Par value is $1000 by

If Circular File (see previous problem: A 6-year Circular File bond

If Circular File (see previous problem: A 6-year Circular File bond pays interest of $80 annually and sells for $950. Par value is $1000 by assumption.) wants to issue a new 6- year bond at face value, what coupon rate must the bond offer? (Round your answer to 4 decimal places.) Coupon rate

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