Business, 04.08.2020 19:01 misscheoneyo

McConnel corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a par value of 1000 and current price of 1065. The bonds make semiannual payment and have a par value of $1,000.Required:What must the coupon rate be on these bonds?

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McConnel corporation has bonds on the market with 16.5 years to maturity, a YTM of 7.7 percent, a pa...