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Draiman Corporation has bonds on the market with 2 2 . 5 years to maturity, a YTM of 6 . 9 percent, a par value

Draiman Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, a par value of $1,000, and a current price of $1,057. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Coupon rate
%
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