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11 February, 18:45

McConnell Corporation has bonds on the market with 23.5 years to maturity, a YTM of 7 percent, a par value of $1,000, and a current price of $1,051. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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  1. 11 February, 20:36
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    It's around 7.25 per coupon
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