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In this statement, can we take 7% as the coupon rate? If not, then what will be the PMT in this? CVL has an outstanding

image text in transcribedIn this statement, can we take 7% as the coupon rate? If not, then what will be the PMT in this?
CVL has an outstanding bond issue, payable semi-annually, that originally had a 25 year maturity. The initial bond offering was sold 10 years ago, at par and raised $14.80 million dollars. (To be specific 14,800 bonds were sold at $1,000 each.) The yield to maturity, when they were issued, was 7.00 percent. Currently, the nominal yield to maturity on bonds with a similar risk is at 6.44 percent

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