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McConnell corporation has bonds on the market with 15 years ...

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Finance

McConnell corporation has bonds on the market with 15 years
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Help McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,146.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 13.12% 22.74% 26.07%

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