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Beam Inc. bonds are trading today for a price of $982.57. The bond currently has 21 years until maturity and has a yield to maturity
Beam Inc. bonds are trading today for a price of $982.57. The bond currently has 21 years until maturity and has a yield to maturity of 6.15%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of thebond?
The coupon rate of the bond is
nothing____________%. (Round to one decimalplace.)
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