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Beam Inc. bonds are trading today for a price of $1,288.97. The bond currently has...

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Verified Solution

Question

Accounting

Beam Inc. bonds are trading today for a price of

$1,288.97.

The bond currently has

13

years until maturity and has a yield to maturity of

4.09%.

The bond pays annual coupons, the next coupon is due in one year, and the face value of the bond is

$1,000.

What is the coupon rate of the bond?

The coupon rate of the bond is

nothing%

Answer & Explanation Solved by verified expert
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