Question
McConnell Corporation has bonds on the market with 18 years to maturity, a YTM of 9.0 percent, a par value of $1,000, and a current
McConnell Corporation has bonds on the market with 18 years to maturity, a YTM of 9.0 percent, a par value of $1,000, and a current price of $1,206.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
