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McConnell corporation has bonds on the market with 10 years to maturity a ytm of 8.4 McConnell Corporation has bonds on the market with 10

McConnell corporation has bonds on the market with 10 years to maturity a ytm of 8.4
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McConnell Corporation has bonds on the market with 10 years to maturity, a YTM of 8.4 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 Do 11.64% 9.57% 11.7496

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