Assume Walmart issued $1,000 10-year bonds. The bonds sold for $924 and pay interest semiannually. The required rate of return (semi-annual effective rate) for the bonds is 3%. What is the bonds coupon rate, reported as an APR compounded semi-annually?

A. 4.2% B. 5.0% C. 7.3% D. 2.5%

What is the value of a bond that matures in 17 years, makes an annual coupon payment of $50, and has a par value of $1,000? Assume a required rate of return of 5.90%. A. $823 B. $895 C. $905 D. $857