Question
McConnell Corporation has bonds on the market with 14 years to maturity, a YTM of 8.4 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 8.4 percent, a par value of $1,000, and a current price of $1,206.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
