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(Estimated time allowances 18 minutes) Pera ine wishes to issue new bonds. These are 20 -year bonds with semi-annual interest: $1,000 par value, and a

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(Estimated time allowances 18 minutes) Pera ine wishes to issue new bonds. These are 20 -year bonds with semi-annual interest: $1,000 par value, and a yield to maturity of 12%. The firm has determined that these bonds would sell for s819 each today. What is the coupon rate for these bonds? Show your answer to the nearest, 1%. Do not use the % sign in your answer. For cxample. if the answer is 9.2% enter your answer as 9.2 Do not enter it as .092, 0.092, or 9.2%. If your answer is 4.58% then enter 4.6 Do not enter 046,0458 , 0.0458,4.58%, or 4.6% Your

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