Question
McConnell Corporation has bonds on the market with 14 years to maturity, a YTM of 6.8 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 6.8 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?
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Entrepreneurial Finance Strategy, Valuation, And Deal Structure
Authors: Janet Smith, Richard Smith, Richard Bliss
1st Edition
0804770913, 9780804770910
