Question
A Walmart bond has a price of $940, a face value of $1,000, and 22 years left to maturity. The bond pays interest semiannually and
A Walmart bond has a price of $940, a face value of $1,000, and 22 years left to maturity. The bond pays interest semiannually and the annual coupon rate is 4.25%. What is the yield-to-maturity (YTM) for this bond? Show Work
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
