Question
McConnell Corporation has bonds on the market with 14 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 14 years to maturity, a YTM of 10.0 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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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
