Beam Inc. Bonds are trading today for a price of $1,738.95. The bond currently has 18 years
Question:
Beam Inc. Bonds are trading today for a price of $1,738.95. The bond currently has 18 years until maturity and has yield to maturity of 3.43%. 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 %.
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