Question
The following bond quote from FINRA is for a Wal-Mart bond with 26 years remaining to maturity (assume this bond pays semi-annual coupons). Company (Ticker):
The following bond quote from FINRA is for a Wal-Mart bond with 26 years remaining to maturity (assume this bond pays semi-annual coupons). Company (Ticker): Wal-Mart Stores, Inc (WMT) Coupon: 5.250 Maturity: Dec 10, 2038 Last Price: 109.432 What is the current yield of this bond?
a. 4.62%
b. 2.63%
c. 4.93%
d. 5.25%
e. 4.80%
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Financial Sorcery Magical Strategies To Create Real And Lasting Wealth
Authors: Jason Miller
1st Edition
1601632185, 9781601632180
