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Question 1 (5 points) Your firm just issued bonds with a $1,000 par value. The bonds are currently trading at $965 per bond. The bonds

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Question 1 (5 points) Your firm just issued bonds with a $1,000 par value. The bonds are currently trading at $965 per bond. The bonds have a 3% yield to maturity and pay interest semiannually. The bonds have seven years to maturity. What is the bond's annual coupon rate? Please make sure to enter your answer in the appropriate form. For example, an answer in dollars should be entered as $1,101.555, and an answer in percent form should be entered as 5.000% or 5.770%

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