Question
Beam Inc. bonds are trading today for a price of $548.90 . The bond currently has 12 years until maturity and has a yield to
Beam Inc. bonds are trading today for a price of
$548.90
.
The bond currently has
12
years until maturity and has a yield to maturity of
9.44
%.
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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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
