Suppose Sean wants to earn a return of $16\mathrm{.}00$ percent and is offered the opportunity to purchase a $$1,000$ par value bond that pays a $14\mathrm{.}00$ percent coupon rate $($distributed semiannually$)$ and has three years remaining to maturity.

Use the following table to fill in values for the bond's coupon payment and present value, and Sean's semiannual required rate of return for this investment.

$\backslash$table$[[$Variable Name,Variable Value$],[$Coupon Payment,$$70\mathrm{.}00$grad