McConnell Corporation has bonds on the market with 16 years to maturity, a YTM of 6.6 percent, a par value of $1,000, and a current price of $1,186.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice o 7.17% 717% o 14.37% o 8.50% o 8.60% c ) 17.04%