Beam Inc. Bonds are trading today for a price of $1,738.95. The bond currently has 18 years

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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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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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