Question
McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 7.4 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 7.4 percent, a par value of $1,000, and a current price of $1,226.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? |
Multiple Choice
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19.32%
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9.74%
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7.86%
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9.64%
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15.75%
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Foundations Of Financial Management
Authors: Stanley Block
8th Canadian Edition
0070965447, 9780070965447
