McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0...

McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,156.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Multiple Choice

13.08%
25.99%
12.98%
22.48%
11.22%

Expert Solution

jeff jeffy answered 2 years ago

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