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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
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 bond is .03.What is the bond's coupon rate, reported as an APR compounded semi-annually?
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