Breach Candy wants to issue new 12-year debt. Breach Candy has already issued debt with 7.4 percent coupon interest, priced at $939.63, These bonds pay interest twice a year and their time to maturity...

Breach Candy wants to issue new 12-year debt. Breach Candy has already issued debt with 7.4 percent coupon interest, priced at  $939.63, These bonds pay interest twice a year and their time to maturity is  12 years. If Breach Candy wants to sell the new debt at par and assuming a par value of $1,000 what coupon interest rate should Breach Candy set on its new debt?