P7-8 Coupon Rates [LO2] Ashes Divide Corporation has bonds on the market with 12 years to maturity, a YTM of 11.0 percent, and a current price of $1,186.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.) Multiple Choice 13.94% 23.38% 11.66% 13.84% 27.75%