5.5 Mullins Co. issued 11-year bonds one year ago at a coupon rate of 7.50 percent. The bonds make semiannual payments. If the YTM on these bonds is 8 percent, what is the current bond price? 5.6 Joe Kernan Corporation has bonds on the market with 12.5 years to maturity, a YTM of 8.5 percent, and a current price of $1,152.17. The bonds make semiannual payments. What must the coupon rate be on Kernan's bonds