& Coupon Rates [LO2] 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. What must the coupon rate be on these bonds? 10. Valuing Bonds [LO2] Yan Yan Corp. has a $2,000 par value bond outstandi with a coupon rate of 4.4 percent paid semiannually and 13 years to maturity. I yield to maturity of the bond is 4.8 percent. What is the price of the bond