Question 1 (12 points) (Estimated time allowance: 18 minutes) Pera Inc. wishes to issue new bonds. These are 20-year bonds with semi-annual interest; $1,000 par value, and a yield to maturity of 12%. The firm has determined that these bonds would sell for $840 each today. What is the coupon rate for these bonds? Show your answer to the nearest. 1%. Do not use the % sign in your answer. For example, if the answer is 9.2% enter your answer as 9.2 Do not enter it as .092, 0.092, or 9.2%. If your answer is 4.58% then enter 4.6 Do not enter .046, .0458, 0.0458, 4.58%, or 4.6%. Your Answer: Answer Previous Page Next Page Page 1 of 15