Problem 6-5 Coupon Rates [LO 2] Nikita Enterprises has bonds on the market making annual payments, with 16 years to maturity, a par value of $1,000, and selling for $968. At this price, the bonds yield 8 percent. What must the coupon rate be on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16