Gabriele Enterprises has bonds on the market making annual payments, with $11$ years to

maturity, a par value of $$1,000,$ and selling for $$930.$ At this price, the bonds yield $11$

percent. What must the coupon rate be on the bonds?

Multiple Choice

$11\mathrm{.}00\%$

$9\mathrm{.}97\%$

$19\mathrm{.}74\%$

$9\mathrm{.}87\%$

$10\mathrm{.}62\%$