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Business, 03.04.2020 18:48 KillerSteamcar

McConnell Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, a par value of $1,000, and a current price of $1,036. 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 16.5 years to maturity, a YTM of 6.3 percent, a p...
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