Question: Problem 6-15 Bond Pricing (LO2) Check my work Maxcorp's bonds sell for $1,191.37. The bond life is 9 years, and the yield to maturity is

Problem 6-15 Bond Pricing (LO2) Check my work Maxcorp's bonds sell for $1,191.37. The bond life is 9 years, and the yield to maturity is 75% What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments) (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Coupon rate %

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