The BoxCar Co is selling a bond that will mature in $13$ years. Similar bonds are yielding $10\%,$ and the bond is currently selling for $$856\mathrm{.}25.$ Compute the coupon rate on this bond. Round intermediate calculations to four decimal places. Round the final answer to $2$ decimal places. $($In the real world, we generally aren't asked to find coupon rates but this gives you practice with the bond pricing formula.$)($Hint: Substitute and solve for the coupon payment.$)$ No $\%$ sign on your answer. Write two decimal places in your answer.

Question $17$ options: