What is the coupon rate of the? bond of beam inc

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Problem: Beam Inc. bonds are trading today for a price of ?$765.74. The bond currently has 20 years until maturity and has a yield to maturity of 8.47?%. The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the? bond? Please explain your solution in detail.

Reference no: EM132432731

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