Business, 29.10.2020 17:10 kynlie1760

McConnell Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.4 percent, a par value of $1,000, and a current price of $1,059. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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McConnell Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.4 percent, a p...