Gordon Enterprises has bonds on the market making annual

payments, with eight years to maturity and a par value of $$1,000,$ and

selling for $$962.$ At this price, the bonds yield $5\mathrm{.}7$ 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$.,32\mathrm{.}16.$