At what discount rate would you be indifferent between accepting the project and rejecting it? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,

e. g., 32.16.)

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?