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McConnell Corporation has bonds on the market with 14 years to maturity, a YTM of 6.2 percent, a par value of $1,000, and a current

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McConnell Corporation has bonds on the market with 14 years to maturity, a YTM of 6.2 percent, a par value of $1,000, and a current price of $1,166.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 16.03% 8.10% 13.74% 6.86% Multiple Choice -17 16.03% 8.10% 13.74% 6.86% 8.00%

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