A $$$$1000$ par value bond has a current price of $$$$960\mathrm{.}82$ and a maturity value of $$$$1000$ and matures in $4$ years. If interest is paid semiannually and the bond is priced to yield $7\%,$ what is the$$ bond's annual coupon$$ rate?

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Part $1$

The$$ bond's annual coupon rate is

$$

enter your response here$\%.($Round to three decimal$$ places.$)$