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A bond with 8 years left to maturity is trading for $1,026. It pays coupons semiannually. Its YTM is currently 3.8%. The coupon rate for

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A bond with 8 years left to maturity is trading for $1,026. It pays coupons semiannually. Its YTM is currently 3.8%. The coupon rate for 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%

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