Question: Please show me how to do this! I need lots of help! Be careful with the rounding of the numbers please. Thanks much!! Volbeat Corporation

Please show me how to do this! I need lots of help! Be careful with the rounding of the numbers please. Thanks much!!

Volbeat Corporation has bonds on the market with 11.5 years to maturity, a YTM of 9.6 percent, and a current price of $947. The bonds make semiannual payments Required: What must the coupon rate be on the bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Coupon rate

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