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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 $1,286.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? |
Multiple Choice
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14.09%
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10.87%
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13.99%
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21.82%
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28.07%
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