Bond pays annual coupons and the next coupon

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Reference no: EM131060664

Beam Inc. bonds are trading today for a price of $1,160.73. The bond currently has 25 years until maturity and has a yield to maturity of 5.77%. 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 %.

Reference no: EM131060664

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