Question: Question 4 (of 6) 4. value: 16.66 points Problem 7-8 Coupon Rates [LO2] DMA Corporation has bonds on the market with 15.5 years to maturity,

Question 4 (of 6) 4. value: 16.66 points Problem 7-8 Coupon Rates [LO2] DMA Corporation has bonds on the market with 15.5 years to maturity, a YTM of 6.2 percent, and a current price of $1,039. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Coupon rate References eBook & Resources Worksheet Difficulty: Basic Learning Objective: 07-02 Bond values and yields and why they,fluctuate. Problem 7-8 Coupon Rates [LO2]

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