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McConnell Corporation has bonds on the market with 10 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current

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McConnell Corporation has bonds on the market with 10 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,216.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 9.69% 7.88% 19.25% 15.83% 9.59%

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