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McConnell Corporation has bonds on the market with 17 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 17 years to maturity, a YTM of 10,0 percent, a par value of $1,000, and a current price of $1,256.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 26.40% 13.27% O 21.01% 13.17% 10.48%

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