Osbourne Corporation has bonds on the market with 12.0 years to maturity, a YTM of 9.7 percent, and a current price of $948. The bonds make semiannual payments. Required: What must the coupon rate be on the bonds? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)