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What is the coupon rate of the bond

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Reference no: EM131317563

Beam Inc. bonds are trading today for a price of $295.29. The bond currently has 25 years until maturity and has a yield to maturity of 9.42%.

The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond?

Reference no: EM131317563

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