Assume the zero-coupon yields on default-free securities are as summarized in the following table: Consider a four-year, default-free security with annual coupon payments and a face value of $1,000 that is issued at par. What is the coupon rate of this bond? The par coupon rate is \%. (Round to two decimal places.) Assume the zero-coupon yields on default-free securities are as summarized in the following table: Consider a four-year, default-free security with annual coupon payments and a face value of $1,000 that is issued at par. What is the coupon rate of this bond? The par coupon rate is \%. (Round to two decimal places.)