Question
McConnell Corporation has bonds on the market with 15 years to maturity, a YTM of 6.2 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 6.2 percent, a par value of $1,000, and a current price of $1,286.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Multiple Choice
7.12%
14.28%
18.38%
9.26%
9.16%
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
9th Edition
0321598903, 978-0321598905
