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Kingsport bonds have par value of $1,000, 9 years remaining until maturity, a YTM of 6.5%, and a current price of $1,080. What is the

Kingsport bonds have par value of $1,000, 9 years remaining until maturity, a YTM of 6.5%, and a current price of $1,080. What is the coupon rate? Assume the bond pays coupons semi-annuallybut report your answer as an annualized rate. Enter your answer as a decimal showing 4 decimal placesFor example, if your answer is 8.52%, enter 0852

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