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choose one of the options McConnell Corporation has bonds on the market with 10 years to maturity, a YTM of 9.4 percent, a par value

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McConnell Corporation has bonds on the market with 10 years to maturity, a YTM of 9.4 percent, a par value of $1,000, and a current price of $1,326.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 29.15% 21.98% 10.94% 14.51% 14.61%

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