Question
Beam Inc. bonds are trading today for a price of $613.57. The bond currently has 20 years until maturity and has a yield to maturity
Beam Inc. bonds are trading today for a price of $613.57. The bond currently has 20 years until maturity and has a yield to maturity of 5.82%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond? (Please show formula is possible, finance calculator is fine) Thank you!
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
