Beam inc bonds are trading today for a price of 87006 the


Beam inc bonds are trading today for a price of $870.06. The bond currently has 18 years until maturity and has a yield to maturity of 2.94%. The bond pays annual compound and the next coupon is due in one year. What is the coupon rate of the bond?

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Financial Management: Beam inc bonds are trading today for a price of 87006 the
Reference No:- TGS01403842

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