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6 McConnell Corporation has bonds on the market with 14 5 years to maturity, a YTM of 5.3 percent, a par value of $1.000, and

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6 McConnell Corporation has bonds on the market with 14 5 years to maturity, a YTM of 5.3 percent, a par value of $1.000, and a current price of $1,045. The bonds make semiannual payments 10 points What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g Skipped32.16.) Coupon rate eBook Print References

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