Question 9 1 pts Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a current price of $1,108.60. At this price, the bonds yield 7.5 percent. What is the coupon rate? 9.01 percent 8.78 percent 8.93 percent 8.46 percent 9.32 percent