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McConnell Corporation has bonds on the market with 10 years to maturity, a YTM of 9.2 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 9.2 percent, a par value of $1.000, and a current price of $1.256.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 13.28% 26.46% 10.49% 13.18% 21.06%

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