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McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 6.0 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 6.0 percent, a par value of $1,000, and a current price of $1,316.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?

A.13.42%

B.17.67%

C.8.81%

D.8.91%

E.6.70%

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