McConnell Corporation has bonds on the market with $15$ years to maturity, a YTM of $7\mathrm{.}0$

percent, a par value of $$1,000,$ and a current price of $$1,166\mathrm{.}50.$ The bonds make

semiannual payments. What must the coupon rate be on these bonds?

Multiple Choice

$8\mathrm{.}81\%$

$8\mathrm{.}91\%$

$17\mathrm{.}66\%$

$7\mathrm{.}55\%$

$15\mathrm{.}14\%$