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You received no credit for this question in the pr Lei Corporation has bonds on the market with 1 1 . 5 years to maturity,

You received no credit for this question in the pr
Lei Corporation has bonds on the market with 11.5 years to maturity, a YTM of 7.2 percent, a par value of $1,000, and a current price of $1,054. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
\table[[Coupon rate,4.70,%
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