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Beam Inc. bonds are trading today for a price of $797.62. The bond currently has 16 years until maturity and has a yield to maturity

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Beam Inc. bonds are trading today for a price of $797.62. The bond currently has 16 years until maturity and has a yield to maturity of 7.75%. 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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