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QUESTION 11 Walmart's bonds mature in 7 years, have a face value of $1,000, and make anannualcoupon interest payment of $60.The market requires an interest

QUESTION 11

Walmart's bonds mature in 7 years, have a face value of $1,000, and make anannualcoupon interest payment of $60.The market requires an interest rate of 8% on these bonds.What is the current market price of the bond?

  1. $940.29
  2. $885.07
  3. $895.87
  4. $907.54

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