Question
McConnell Corporation has bonds on the market with 11 years to maturity, a YTM of 8.6 percent, a par value of $1,000, and a current
McConnell Corporation has bonds on the market with 11 years to maturity, a YTM of 8.6 percent, a par value of $1,000, and a current price of $1,176.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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Climate Finance Theory And Practice
Authors: Anil Markandya, Ibon Galarraga, Dirk Rübbelke
1st Edition
9814641804, 978-9814641807
