I am stuck trying to figure out how to calculate the coupon rate. The examples I have found do not have it as an unknown.

Please help! You don't need to use my numbers. I just want to know how to solve.

Here's what is given:

14.5 years to maturity, semi-annual payments

CURRENT price of the bond is $1038

YTM = 6.1%

Question: what must be the coupon rate?

Thank you SO much in advance.

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