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Question 16 Not yet answered Marked out of 7.00 p Flag question Botanica Incorporation has bonds with 20 years to maturity, a face value of

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Question 16 Not yet answered Marked out of 7.00 p Flag question Botanica Incorporation has bonds with 20 years to maturity, a face value of $1,000, a YTM of 8 percent, and a current price of 1,196. The bonds make annual payments. What must be the coupon rate on these bonds? (Write your answer in terms of percentages, use two decimal points) Online calculator: https://www.desmos.com/scientific

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