Question
Beam Inc. bonds are trading today for a price of $905.41. The bond currently has 18 years until maturity and has a yield to maturity
Beam Inc. bonds are trading today for a price of
$905.41.
The bond currently has
18
years until maturity and has a yield to maturity of
8.01%.
The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond?
The coupon rate of the bond is
nothing %.
(Round to one decimal place.)
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Advanced Financial Risk Management Enterprise Wide Risk Management In Theory And Practice
Authors: Donald Van Deventer, Kenji Imai, Mark Mesler
3rd Edition
1547416157, 9781547416158
