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McConnell Corporation has bonds on the market with 13 years to maturity, a YTM of 10.0 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 10.0 percent, a par value of $1,000, and a current price of $1,296.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 21.87% 10.89% 14.23% 14.13% 28.35%

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