Gordon Enterprises has bonds on the market making annual payments, with seven years

to maturity, a par value of $$1,000,$ and selling for $$950.$ At this price, the bonds yield $6$

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

Note: Do not round intermediate calculations and enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Coupon rate