A bond with a price of $950, a face value of $1000, has a bond yield of 12% APR with semi-annual compounding where coupons are paid semiannually and maturity in 10 years. What is the coupon rate?

Please solve using equations and not financial calculator.

14. A bond with a price of $950, a face value of $1000, has a bond yield of 12% APR with semi-annual compounding where coupons are paid semiannually and maturity in 10 years. What is the coupon rate? a) 4.426% b) 5.128% c) 5.375% d) 10.25% e) 11.128%