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McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current

McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,266.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 14.47% 14.37% 11.35% 22.74% 28.80%

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