A bond with $7$ years left to maturity is trading for $$1,002.$ It pays

coupons semiannually. Its YTM is currently $3\mathrm{.}5\%.$ The coupon

rate for this bond must be

$\%.$

Margin of error for correct responses: $+/-\mathrm{.}03(\%).$

Rounding and Formatting instructions:

Do not enter dollar signs, percent signs, commas, $x,$ or any words

in your response. Do not round any intermediate work, but round

your response to $2$ decimal places $($example: if your answer

is $12\mathrm{.}3456,12\mathrm{.}3456\%,$ or $$12\mathrm{.}3456,$ you should enter $12\mathrm{.}35).$