MT217 Finance Alissa Lewis & 11/12/19 4:53 PM Homework: Unit 8 Lab Assignment Save Score: 0 of 4 pts 4 of 10 (3 complete) HW Score: 30%, 12 of 40 pts Problem 7.LO4.23 Question Help Beam Inc, bonds are trading today for a price of $1,211.33. The bond currently has 25 years until maturity and has a yield to maturity of 2.37%. 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.) MT217 Finance Alissa Lewis & 11/12/19 4:53 PM Save Homework: Unit 8 Lab Assignment Score: 0 of 4 pts 5 of 10 (3 complete) Problem 7.L04.25 HW Score: 30%, 12 of 40 pts Question Help With celebrity bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of the music are used to pay interest and principal on the bonds. In April of 2009, EMI announced that it intended to securitize its back catalogue with the help of the Bank of Scotland. The bond was issued with a coupon rate of 6.85% and will mature on this day 28 years from now. The yield on the bond issue is currently 6.25%. At what price should this bond trade today, assuming a face value of $1,000 and annual coupons? The price of the bond today should be $ (Round to the nearest cent.) Homework: Unit 8 Lab Assignment Score: 0 of 4 pts