Question
McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current
| McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,336.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? |
Multiple Choice
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15.73%
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15.63%
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31.36%
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11.70%
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Investments
Authors: Zvi Bodie, Alan J. Marcus, Alex Kane
6th Edition
0072861789, 9780072861785
