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13 McConnell Corporation has bonds on the market with 20 years to maturity, a YTM of 9.4 percent, a par value of $1,000, and a

13 McConnell Corporation has bonds on the market with 20 years to maturity, a YTM of 9.4 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 25.03% 9.79% O O 12.49% O 12.59% O 19.61%

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