Beam Inc Bonds are trading today for a price of $1,738 95 The bond currently has 18 years until maturity and has yield to maturity of 3 43 The bond pays annual coupons and the next coupon is due in one year What is the coupon rate of the bond The coupon rate of the bond is ...

We have Price 173895 n 18 YTM 343 Pri ...

Beam Inc. Bonds are trading today for a price of $1,738.95. The bond currently has 18 years

Question:

Beam Inc. Bonds are trading today for a price of $1,738.95. The bond currently has 18 years until and has yield to of 3.43%. The bond pays annual coupons and the next is due in one year. What is the rate of the bond?
The rate of the bond is %.
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...