Consider a bond that has a face value of $1,000 and pays an annual coupon. The bond price is currently $966, it has a yield to maturity of 19.85% and will mature in 16 years from today. Find the coupon rate of the bond.

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter percentage answers as a positive percentage % rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (##.##)