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McConnell Corporation has bonds on the market with 11 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a current

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McConnell Corporation has bonds on the market with 11 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a current price of $1,206.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 0 13.24% 21.85% 26.36% 10.89% 13.14%

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