Question
Beam Inc. bonds are trading today for a price of $871.39. The bond currently has 19 years until maturity and has a yield to maturity
Beam Inc. bonds are trading today for a price of $871.39. The bond currently has 19 years until maturity and has a yield to maturity of 8.93%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of thebond?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
