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McConnell Corporation has bonds on the market with 11 years to maturity, a YTM of 11.0 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 11.0 percent, a par value of $1,000, and a current price of $1,226.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice O 11.90% O 29.30% O 14.70%
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Catechism Of Money
Authors: Joseph P. Root
1st Edition
1377114929, 978-1377114927
