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What is the coupon rate of the? bond

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Reference no: EM132566446

Beam Inc. bonds are trading today for a price of ?$1,135.45. The bond currently has 22 years until maturity and has a yield to maturity of 7.25?%. 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 ?%. ? (Round to one decimal? place.)

Reference no: EM132566446

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