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1. Finding the coupon rate Elena Basova works for St. Pete's Capital Trust, a non-profit organization based in Russia Elena is analyzing a medium-term bond

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1. Finding the coupon rate Elena Basova works for St. Pete's Capital Trust, a non-profit organization based in Russia Elena is analyzing a medium-term bond trading at 125% of par value The band has 10 5 years letto maturity and pays semi-annual coupons Investors demand a YTM of 8 40% based on semi-annual coupon payments What is the coupon rate on these bonds? (please round to one decimal place, enter without sign)

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