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Coupon rate of the bond-beam inc

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Reference no: EM132794263

Beam Inc. bond are trading today for a price of $1,083.46. The bond currently has 12 years until maturity and has a yield to maturity of 5.53%. The bond plays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond?

Reference no: EM132794263

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