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Saved McConnell Corporation has bonds on the market with 13 years to maturity, a YTM of 110 percent, a par value of $1,000, and a

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Saved McConnell Corporation has bonds on the market with 13 years to maturity, a YTM of 110 percent, a par value of $1,000, and a current price of $1.216.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 14.279 1165 23 36% 28.418

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