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Beam Inc. bonds are trading today for a price of $804.96. The bond currently has 15 years until maturity and has a yield to maturity
Beam Inc. bonds are trading today for a price of $804.96. The bond currently has 15 years until maturity and has a yield to maturity of 4.29%. 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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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
