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value: 1.00 points Volbeat Corporation has bonds on the market with 16 years to maturity, a YTM of 10.5 percent, and a current price of

value: 1.00 points Volbeat Corporation has bonds on the market with 16 years to maturity, a YTM of 10.5 percent, and a current price of $943. The bonds make semiannual payments. Required: What must the coupon rate be on the bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Coupon rate%

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