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McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 7.6 percent, a par value of $1000, and a current

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McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 7.6 percent, a par value of $1000, and a current price of $1.226.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 8.57% 10.57% 1719% o 1065 o 2109 Q Search or enter website name 2 N@ @ . 3 & 4 5 6 N 7 8 9 WERT Y U

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