DunderInc issued a $600 face value bond a number of years ago that will mature in eight years. Similar bonds are yielding 8%, and the Dunder bond is currently selling for $1292.65. Assume bond coupons are paid semiannually.Compute the coupon rate on this bond. Round intermediate calculations to four decimal places. Round the final answer to 2 decimal places. (In the real world, we generally aren't asked to find coupon rates but this gives you practice with the bond pricing formula.) (Hint:Substitute and solve for the coupon payment.)Write the % sign on your answer.