A company has bonds on the market making annual payments with 13 years to maturity, a par value of $1,000, and selling for $1,200. At this price, the bonds have a yield to maturity of 5.5 percent. What must the annual coupon rate be on the bonds? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below. Your Answer: Answer Question 4 (1 point) Most corporate bonds in the United States make semiannual coupon payments, but some corporate bonds have annual coupon payments. Suppose a company issues a bond with a par value of $1,000, 16 years to maturity, and a coupon rate of 7 percent paid annually. If the yield to maturity is 6.5 percent, what is the current price of the bond? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below Your