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McConnell Corporation has bonds on the market with 1 5 years to maturity, a YTM of 1 0 . 0 percent, a par value of

McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 10.0 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? 21.36%
13.60%
13.70%
27.27%
10.65%
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