Question: Draiman Corporation has bonds on the market with 1 2 . 5 years to maturity, a YTM of 9 . 8 percent, a par value

Draiman Corporation has bonds on the market with 12.5 years to maturity, a YTM of 9.8 percent, a par value of $1,000, and a cuirrent price of $949. The bonds make smiannual payments. What must the coupon rate be on the bonds?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
Coupon rate
Draiman Corporation has bonds on the market with

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