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Volbeat Corporation has bonds on the market with 10.5 years to maturity, a YTM of 8.4 percent, a par value of $1,000, and a current

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Volbeat Corporation has bonds on the market with 10.5 years to maturity, a YTM of 8.4 percent, a par value of $1,000, and a current price of $1,145. The bonds make semiannual payments. What must the coupon rate be on the bonds? 12.47% 10.51% 13.94% 11.69%

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