Somewhere in Time Incorporated has a wide variety of bonds publicly traded. The bond from their largest debt issuance was issued 3 years ago at a premium. the original price was 106% of par value. The bond has a par value of $1,000and pays coupons of $64 every six months. the bond has 15 coupons left to pay before it matures and currently sells for 1.312.

What is the coupon rate of this bond?

Answer in decimal form to 3 decimals places