Chapter 6 Problem 6-8 Coupon Rates Bentley Corporation has bonds on the market with 14.5 years to maturity, a YTM of 10.2 percent, a par value of $1,000, and a current price of \$953. The bonds make semiannual payments. (Do not round intermediate calculations.) What must the coupon rate be on the bonds? Data Input area (enter numeric data here): \begin{tabular}{lrr|} \hline Annual Number of Periods & & 14.5 \\ Coupons per year & 2 & 10.2% \\ YTM & $ & 953.00 \\ Bond Price & $ & 1,000.00 \\ Par/Face value (\$) & \\ \hline \end{tabular} All answers must be entered as a formula below for credit) : \begin{tabular}{l|l|} \hline SemiAnnual Coupon (PMT fx required) & \\ \cline { 2 - 3 } Annual Coupon Payment & \\ Annual Coupon rate \end{tabular}