A bond is currently trading at a price of $1,063. Its "current yield" (not YTM) is 5.4%. The coupon rate on this bond must be _______%. Do not round any intermediate work. Round your *final* answer to 2 decimal places (example: .1234567 = 12.35). Do not enter the % sign. Margin of error for correct responses: +/- .03%. NOTE: You should refer to the definition of "current yield" from your class notes. The definition in your textbook should be ignored, as it might cause confusion.