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What is the coupon rate of the bond

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Reference no: EM132293177

Beam Inc. bonds are trading today for a price of $1399.57. The bond currently has 14 years until maturity and has a yield to maturity of 2.97%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond? (Round to one decimal place).

Reference no: EM132293177

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