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18 January, 08:40

McConnell Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.3 percent, a par value of $1,000, and a current price of $1,057. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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  1. 18 January, 09:04
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    Coupon rate will be 3.08%
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