Your company currently has $ 1000 ?par, 6.5 % coupon bonds with 10 years to maturity and a price of $ 1,080. 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 six months.
You need to set a coupon rate of _____%