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McConnell Corporation has bonds on the market with 16 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a current

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McConnell Corporation has bonds on the market with 16 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a current price of $1,196.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 25.02% 20.91% 12.59% 12.49% 10.44%

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