N=41 YTM=0.0405 PV=-1074 FV=1000

The PTM is 2.2252

But the correct answer is 44.23, I dont understand why, no matter how many time I tried, the answer is the same by using Calculator

Question 3 (of 10) Award: 10 out of 10.00 points S Show my answer Rhiannon Corporation has bonds on the market with 20.5 years to maturity, a YTM of 8.1 percent, and a current price of $1,074. The bonds make semiannual payments. What must be the coupon rate on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Coupon rate 8.851% % Explanation: Here we need to find the coupon rate of the bond. All we need to do is to set up the bond pricing equation and solve for the coupon payment as follows: P = $1,074 = C(PVIFA405%,41) + $1,000(PV1F4.05%,41) 16