Karen's Kookies has bonds on the market making annual payments, $12$ years to maturity, a par value of $$1,000,$ and a current price of $$1,142\mathrm{.}60.$ At this

price, the bonds yield $6\mathrm{.}2$ percent. What is the coupon rate? $($Hint: You will first need to find the coupon amount.$)$

Multiple Choice

$9\mathrm{.}01$ percent

$7\mathrm{.}74$ percent

$8\mathrm{.}24$ percent

$7\mathrm{.}92$ percent

$8\mathrm{.}54$ percent