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Valdez Corporation has bonds on the market with 1 8 . 5 years to maturity, a YTM of 7 . 9 percent, a par value

Valdez Corporation has bonds on the market with 18.5 years to maturity, a YTM of 7.9 percent, a par value of $1,000, and a current price of $1,067. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
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