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

McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,226.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Multiple Choice
14.12%
23.07%
14.22%
11.51%
28.30%

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