Question
McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 7.8 percent, a par value of $1,000, and a current
| McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 7.8 percent, a par value of $1,000, and a current price of $1,316.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? |
Multiple Choice
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23.91%
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12.01%
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9.05%
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11.91%
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18.16%
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
