A $$1,000$ par value bond has a current price of $$923\mathrm{.}85$ and a maturity value of $$1,000$ and matures in $4$ years. If interest is paid semiannually and the bond is priced to yield $8\%,$ what is the bond's annual coupon rate?

The bond's annual coupon rate is

$\%.($Round to three decimal places.$)$