The business press reported the following information concerning a bond issued by Walmart Stores Inc.: Bonds Coupon
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The business press reported the following information concerning a bond issued by Walmart Stores Inc.: Bonds Coupon Maturity Bid Yield Walmart 3.20 May 15/2014 104.59 3.06 Required: 1. Explain the meaning of the reported information. If you bought Walmart Stores bonds with $10,000 face value, how much would you pay (based on the information reported above)? 2. Assume that the bond was originally sold at par. What impact would the increase in value have on the financial statements for Walmart Stores?
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Related Book For
Financial Accounting
ISBN: 9780070001497
4th Canadian Edition
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
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