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Business, 04.08.2021 01:50 dkargbo6034

McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 11.0 percent, a par value of $1,000, and a current price of $1,306.50. The bonds make semiannual payments. What must the coupon rate be on these bonds

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McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 11.0 percent, a pa...
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