Question: Beam Inc. Bonds Are Trading Today For A Price Of $1128.03. The Bond Currently Has 11 Years Until Maturity And Has A Yield To Maturity Of 8.19%. The Bond Pays Annual Coupons And The Next Coupon Is Due In One Year. What Is The Coupon Rate Of The Bond?
Beam Inc. bonds are trading today for a price of $1128.03. Thebond currently has 11 years until maturity and has a yield tomaturity of 8.19%. The bond pays annual coupons and the nextcoupon is due in one year. What is the coupon rate of thebond?
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