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