Question: Please provide instructions on how to solve using a standard calculator (TI-84 Plus). Thank you! McConnell Corporation has bonds on the market with 12 years
McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 7.2 percent, a par value of $1,000, and a current price of $1,306.50. The bonds make semiannual payments. What must the coupon rate be on these bonds
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