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Bonds issued by Patriot Theaters were priced at $972.00 twelve months ago and $975.00 six months ago and are priced at $997.39 today. The bonds
Bonds issued by Patriot Theaters were priced at $972.00 twelve months ago and $975.00 six months ago and are priced at $997.39 today. The bonds have a face value of $1000, pay semi-annual coupons, and just made a coupon payment. The bonds had a percentage return over the past six months (from 6 months ago to today) of 8.00%. What is the coupon rate of the bonds?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)
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