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Jack - n - Jill Co . bond sells for $ 9 0 4 . The bond matures in 2 0 years, has annual payments,

Jack-n-Jill Co. bond sells for $904. The bond matures in 20 years, has annual payments, a face value of $1,000, and a yield to maturity of 8.5%. What is the bond's coupon rate, in %, to the nearest 0.01%? Drop the % symbol. E.g., if your answer is 0.05835(i.e.,5.835%), record it as 5.84.

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