McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 7.8...

McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 7.8 percent, a par value of $1,000, and a current price of $1,276.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Multiple Choice

11.06%
21.98%
10.96%
17.22%
8.59%

Expert Solution

jeff jeffy answered 2 years ago

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