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  • 06-06-2023
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McConnell Corporation has bonds on the market with 17 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a current price of $1,196.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? Multiple Choice 20.81% 10.39% 24.90% 12.53% 12.43%

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