0 Required information [The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Date January 1, Year 1 End of Year End of Year 2 End of Year 3 End of Year 4 $ 2,562 2 7 2 $ 2,393 2 2 2,363 Amortization Balance $42,734 $ 169 42,565 42,JB7 180 2 7 42,000 6. What is the coupon rate? (Enter your answer as a percentage rounded to 1 decimal place (i.e. 0.123 should be entered as 12.3).) Coupon Rate