What is the coupon rate of the bond

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Reference no: EM131010519

Beam inc. bonds are trading today for a price of $588.12. the bond currently has 23 years until maturity has a yield to maturity of 9.45%. the bond pays annual coupons and the next coupon is due in one year. what is the coupon rate of the bond?

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Reference no: EM131010519

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