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corduroy inc, has bonds on the market with 18 years to maturity, a YTM of 7.6%, a par value of 1000, and a current price

corduroy inc, has bonds on the market with 18 years to maturity, a YTM of 7.6%, a par value of 1000, and a current price of 1196.50, the bonds make semi annual payments. What must the coupon rate be on these bonds
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Corduroy Inc. has bonds on the market with 18 years to maturity, a YTM of 7.6 percent, a par value of $1,000, and a current price of $1,196.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Hint: You will first need to find coupon amount.)

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