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AnheuserBusch Inbev Worldwide Inc. (BUD) has a bond that is currently trading at $1246.65* per bond (and, as a total aside, is rated Baa1 by

AnheuserBusch Inbev Worldwide Inc. (BUD) has a bond that is currently trading at $1246.65* per bond (and, as a total aside, is rated Baa1 by Moodys but is not rated by Standard & Poors). This BUD bonds par value is $1,000. The coupon rate is 4.50%/year with semiannual payments. The bond matures in 30.5 years. Calculate the annual yield to maturity on this bond.

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