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McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 7.0 percent, a par value of $1,000, and a current

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McConnell Corporation has bonds on the market with 19 years to maturity, a YTM of 7.0 percent, a par value of $1,000, and a current price of $1,186.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 14,84% 17.61% 741% 8.79% 8.89%

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