Amazon has bonds on the market with

$1$

$1$

$.$

$5$

$$years to maturity, a YTM of

$7$

$.$

$6$

$\%$

$,$

and a current price of $

$1$

$,$

$0$

$6$

$0$

$.$

$$The bonds make semiannual payments. What must

the coupon rate be on these bonds?

Show your workings and round your final answers to

$2$

$$decimal places. I

$\text{'}$

m having trouble finding the coupon rate on these bonds.