Powder Puff Enterprises' bonds have annual coupon payments, with 12 years to maturity, and a price of $1.030. At this price, Powder Puff Enterprises bonds yield 6.14 percent. What must the coupon rate be on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % Coupon rate 05