Question
Beam Inc. bonds are trading today for a price of $667.64. The bond currently has 17 years until maturity and has a yield to maturity
Beam Inc. bonds are trading today for a price of $667.64. The bond currently has 17 years until maturity and has a yield to maturity of 8.19%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond? (Round to one decimal place)
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
