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McConnell Corporation has bonds on the market with 12 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 12 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,186.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? |
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
