Question: please answer this question typed not handwritten Homework: Lab 6 Save Score: 0 of 1 pt 8 of 15 (10 complete) HW Score: 55%, 8.25

please answer this question typed not handwrittenplease answer this question typed not handwritten Homework: Lab 6 Save Score:

Homework: Lab 6 Save Score: 0 of 1 pt 8 of 15 (10 complete) HW Score: 55%, 8.25 of 15 pts Problem 6-19 Question Help Your company currently has 6.75% coupon-rate bonds (coupons are paid semi-annually) with ten years to maturity and a price of $1066. If you want to issue 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 6 months.) You need to set a coupon rate of %. (Round to two decimal places.)

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