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McConnell Corporation has bonds on the market with 17 years to maturity, a YTM of 6.4 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 6.4 percent, a par value of $1,000, and a current price of $1,156.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 13.73% 8.02% 6.85% 15.87% 9

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