In: Finance
Angsana Corporation has bonds on the market with 11.5 years to maturity, a YTM of 11.4 percent, and a current price of $835.66. The bonds make semiannual payments. The coupon rate on these bonds must be _____ percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))