A 6 percent coupon bond was issued 2 years ago and sold at par value. Now, the required return on the same bond is 8 percent. What is the coupon rate on this bond today in percentage? Sample format: enter 8.11 for 8.11% and no % sign.

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Question 42 pts

Bellingham Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $850. At this price, the bonds yield 2.5 percent. What must the coupon rate be on the bonds in percentage? Sample answer format: enter 3.24 for 3.24% and NO % sign.