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PROBLEM 1 USE ANY METHOD Your company currently has $ 1 000 par. 6.75 % coupon bonds with 10 years to maturity and a price of $ e new 10-year coupon bonds at par, what coupon rate do you need to set? Assume that for both bonds, the next coupon payment is due in exactly six months. You need to set a coupon rate of %. (Round to two decimal places.) DI The following table summarizes the yields to maturity on several one-year, zero-coupon securities: Security Yield (%) Treasury 3.063.06 AAA corporate 3.173.17 BBB corporate 4.114.11 B corporate 4.844.84 a. What is the price (expressed as a percentage of the face value) of a one-year, zero-coupon corporate bond with a AAA rating? %. (Roundto three decimal places.) b. What is the credit spread on AAA-rated corporate bonds? c. What is the credit spread on B-rated corporate bonds? d. How does the credit spread change with the bond rating? Why