24. The Griswold Co. wants to raise $8 million by selling some coupon bonds at par. Comparable bonds in the market have a 6 percent semi-annual coupon, 8 years to maturity, and are selling at 96.9 percent of par. What coupon rate should the Griswold Co. set on their bonds?
A. 5.82 percent
B. 6.00 percent
C. 6.19 percent
D. 6.25 percent
E. 6.50 percent