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A bond with 8 years left to maturity is trading for $ 1 , 0 0 5 . It pays coupons semiannually. Its YTM is

A bond with 8 years left to maturity is trading for $1,005. It pays coupons semiannually. Its YTM is currently 3.8%. The coupon rate for this bond must be ________%.
Margin of error for correct responses: +/-.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 *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35).

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