Gabriele Enterprises has bonds on the market making annual payments, with $7$ years to

maturity, a par value of $$1,000,$ and selling for $$920.$ At this price, the bonds yield $10$

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

Multiple Choice

$10\mathrm{.}00\%$

$8\mathrm{.}36\%$

$16\mathrm{.}71\%9\mathrm{.}08\%8\mathrm{.}46\%$