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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

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 $1,316.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 16.75% 22.05% 10.97% 11.07% 8.34%

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