Question
McConnell Corporation has bonds on the market with 13 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current
McConnell Corporation has bonds on the market with 13 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,156.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Multiple Choice
16.86%
8.51%
7.27%
8.41%
14.58%
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
