MT217 Finance Sarah Turcotte 08/20/20 11:33 AM Homework: Unit 8 Lab Assignment Save Score: 0 of 4 pts 4 of 10 (9 complete) HW Score: 80%, 32 of 40 pts Problem 7.LO4.23 Question Help Beam Inc. bonds are trading today for a price of $409.83. The bond currently has 20 years until maturity and has a yield to maturity of 8.02%. 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.)