Ashes Divide Corporation has bonds on the market with 10 years to maturity, a YTM of 10.0 percent, and a current price of $1,176.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)

rev: 09_18_2012

21.88%

25.74%

10.91%

12.83%

12.93%