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 $1,142.60. At this price, the

bonds yield 6.2 percent. What is the coupon rate?

Karen's Kookies has bonds on the market making annual payments, 12 years to maturlity a pir value of $1,000, and a current pice of $1,142.60. At this price. the bonds yleld 62 percent. What is the coupon rate? (Hint You will first need to find the coupon amount)