Details of this Paper

Beam Inc. bonds are trading today for a price of $...

Description

Solution


Question

Beam Inc. bonds are trading today for a price of $1,309.93 The bond currently has 20 years until maturity and has a yield to maturity of 2.51% The bond pays annual coupons and the next coupon is due in one year. What is the coupon rate of the bond?

 

Paper#5419 | Written in 18-Jul-2015

Price : $25
SiteLock