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Volbeat Corporation has bonds on the market with 1 9 . 5 years to maturity, a YTM of 1 1 . 2 percent, a par

Volbeat Corporation has bonds on the market with 19.5 years to
maturity, a YTM of 11.2 percent, a par value of $1,000, and a
current price of $936. The bonds make semiannual payments.
What must the coupon rate be on the bonds?(Do not
round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g.,32.16.)
Coupon rate
%

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