The bonds make semiannual payments what must the coupon


McConnell Corporation has bonds on the market with 18.5 years to maturity, a YTM of 7.9 percent, a par value of $1,000, and a current price of $1,067. The bonds make semiannual payments. What must the coupon rate be on these bonds?

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Finance Basics: The bonds make semiannual payments what must the coupon
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