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Beam Inc. bonds are trading today for a price of $1,094.63. The bond currently has 25 years until maturity and has a yield to maturity

Beam Inc. bonds are trading today for a price of $1,094.63. The bond currently has 25 years until maturity and has a yield to maturity of 8.57%. 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 %. (Round to one decimal place.)

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