Beam Inc. bonds are trading today for a price of $933.16 . The bond currently has 15
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Question:
Beam Inc. bonds are trading today for a price of
$933.16
.
The bond currently has
15
years until maturity and has a yield to maturity of
7.77
%.
The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond?
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