How do we calculate coupon rate?

FA21 Acct 112-NO01 Prin of Acct II Homework: Financial Chapter 1... Question 3, EF14-24 (sim... Part 4 of 7 HW Score: 29.6%, 29.6 of 100 points Points: 6 of 15 Jefferson Company issued $100,000 of 10-year, 7% bonds payable on January 1, 2024. Jefferson Company pays interest each January 1 and July 1 and amo the straight-line amortization method. The company can issue its bonds payable under various conditions. Read the requirements. Journalize the payment of semiannual interest when the bonds are issued at 93. Date Accounts Debit Credit 2024 Jul. 1