Question: Please answer as soon as possible. Thank you! Please show how to solve in excel. Uliana Company wants to issue new 20 -year bonds for

Please answer as soon as possible. Thank you! Please show how

Please answer as soon as possible. Thank you! Please show how to solve in excel.

Uliana Company wants to issue new 20 -year bonds for some much-needed expansion projects. The company currently has 10 percent coupon bonds on the market that sell for $1,140, make semiannual payments, have a par value of $1,000, and mature in 20 years. What coupon rate should the company set on its new bonds if it wants them to sell at par? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16

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